Carrier Global Corp (NYSE:CARR) does about 4.98M shares in volume on a normal day but saw 2954363 shares change hands in Tuesday trading. The company now has a market cap of 52.30B USD. Its current market price is $58.11, marking an increase of 0.47% compared to the previous close of $57.84. The 52 week high reached by this stock is $60.87 whilst the lowest price level in 52 weeks is $40.28.
Carrier Global Corp (CARR) has a 20-day trading average at $57.60 and the current price is -4.53% off the 52-week high compared with 44.27% distance from its 52-week low. The 50-day simple moving average of the closing price is $56.39 and its 200-day simple moving average is $54.61. If we look at the stock’s price movements over the week, volatility stands at 2.38%, which decreases to 2.17% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.23 to suggest the stock is neutral.
The consensus objective for the share price is $62.64, suggesting that the stock has a potential upside of 7.23% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 12, 2023 when Wolfe Research downgraded the stock to “Underperform” and issued a price target of $56. JP Morgan also downgraded the stock to “Underweight” from Neutral on October 06, 2023 at a price target of $53. BofA Securities downgraded its price target at $62-$55.
Carrier Global Corp (CARR) stock is up 2.31% over the week and 0.10% over the past month. Its price is 1.15% year-to-date and 39.02% over the past year.
To reach the target analysts have set, the stock logically needs to grow 7.23 percent from here.
Outstanding shares total 900.10M with insiders holding 6.64% of the shares and institutional holders owning 86.00% of the company’s common stock. The company has a return on investment of 5.79% and return on equity of 16.42%. The price to earnings ratio (P/E ratio) amounts to 36.76 while the forward price to earnings ratio is 18.85. The beta has a value of 1.25. Price to book ratio is 5.62 and price to sales ratio is 2.37.
