Carrier Global Corp [NYSE: CARR] slipped around -1.0 points on Wednesday, while shares priced at $73.60 at the close of the session, down -1.34%.
Compared to the average trading volume of 3.47M shares, CARR reached a trading volume of 4332074 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Carrier Global Corp [CARR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CARR shares is $81.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CARR stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stephens have made an estimate for Carrier Global Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 16, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $48 to $83. The new note on the price target was released on October 10, 2024, representing the official price target for Carrier Global Corp stock.
The Average True Range (ATR) for Carrier Global Corp is set at 1.81, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 2.76. The Price to Book ratio for the last quarter was 4.99, with the Price to Cash per share for the same quarter was set at 2.50. Price to Free Cash Flow for CARR in the course of the last twelve months was 68.93 with Quick ratio for the last quarter at 0.82.
How has CARR stock performed recently?
Carrier Global Corp [CARR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.94. With this latest performance, CARR shares dropped by -7.25% in over the last four-week period, additionally plugging by 20.42% over the last 6 months – not to mention a rise of 55.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CARR stock in for the last two-week period is set at 36.55, with the RSI for the last a single of trading hit 30.72, and the three-weeks RSI is set at 41.87 for Carrier Global Corp [CARR]. The present Moving Average for the last 50 days of trading for this stock 76.73, while it was recorded at 74.10 for the last single week of trading, and 64.68 for the last 200 days.
Carrier Global Corp [CARR]: Deeper insight into the fundamentals
Carrier Global Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.82 and a Current Ratio set at 1.08.
Earnings analysis for Carrier Global Corp [CARR]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CARR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carrier Global Corp go to 9.50%.
Insider trade positions for Carrier Global Corp [CARR]
There are presently around $85.84%, or 91.97%% of CARR stock, in the hands of institutional investors. The top three institutional holders of CARR stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 95.48 million shares, which is approximately 10.618%. VANGUARD GROUP INC, holding 94.58 million shares of the stock with an approximate value of $$5.97 billion in CARR stocks shares; and VANGUARD GROUP INC, currently with $$5.26 billion in CARR stock with ownership which is approximately 9.2678%.
