Carrier Global Corp [NYSE: CARR] stock went on a downward path that fall over -2.45% on Tuesday, amounting to a one-week price increase of more than 3.51%.
Over the last 12 months, CARR stock rose by 47.56%. The one-year Carrier Global Corp stock forecast points to a potential upside of 8.2. The average equity rating for CARR stock is currently 2.32, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $69.03 billion, with 839.91 million shares outstanding and 837.38 million shares in the current float. Compared to the average trading volume of 4.03M shares, CARR stock reached a trading volume of 5718608 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $83.81 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 2.32. 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.
Northcoast have made an estimate for Carrier Global Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 22, 2024. The new note on the price target was released on November 13, 2024, representing the official price target for Carrier Global Corp stock. Previously, the target price had yet another raise from $75 to $85, while Stephens kept a Equal-Weight rating on CARR stock. On October 10, 2024, analysts increased their price target for CARR shares from 48 to 83.
The Average True Range (ATR) for Carrier Global Corp is set at 1.71, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 2.88. The Price to Book ratio for the last quarter was 5.22, 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 72.06 with Quick ratio for the last quarter at 0.82.
CARR Stock Performance Analysis:
Carrier Global Corp [CARR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.51. With this latest performance, CARR shares gained by 1.69% in over the last four-week period, additionally plugging by 21.99% over the last 6 months – not to mention a rise of 47.56% 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 52.97, with the RSI for the last a single of trading hit 55.30, and the three-weeks RSI is set at 52.22 for Carrier Global Corp [CARR]. The present Moving Average for the last 50 days of trading for this stock 77.90, while it was recorded at 76.66 for the last single week of trading, and 66.54 for the last 200 days.
Insight into Carrier Global Corp 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.
CARR Stock EPS
With the latest financial reports released by the company, Carrier Global Corp posted 0.53/share EPS, while the average EPS was predicted by analysts to be reported at 0.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 10.00%.
Carrier Global Corp [CARR] Institutonal Ownership Details
There are presently around $85.42%, or 91.51%% 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%.
