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After finishing at $63.24 in the prior trading day, Carrier Global Corp (NYSE: CARR) closed at $63.13, down -0.17%. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 2.11 million shares were traded. CARR stock price reached its highest trading level at $64.22 during the session, while it also had its lowest trading level at $62.85.
Ratios:
Our goal is to gain a better understanding of CARR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 43.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.10. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 1.51 whereas as Long-Term Debt/Eq ratio is at 1.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on June 24, 2024, Upgraded its rating to Buy and sets its target price to $74 from $65 previously.
On October 12, 2023, Wolfe Research Downgraded its rating to Underperform which previously was Peer Perform but kept the price unchanged to $56.
JP Morgan Downgraded its Neutral to Underweight on October 06, 2023, while the target price for the stock was maintained at $53.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 21 ’24 when Crockett Kyle sold 4,611 shares for $66.39 per share. The transaction valued at 306,134 led to the insider holds 2,042 shares of the business.
O’Connor Kevin J. sold 20,000 shares of CARR for $1,314,624 on May 16 ’24. The Senior VP & CLO now owns 46,083 shares after completing the transaction at $65.73 per share. On May 10 ’24, another insider, Villeneuve Nadia, who serves as the Senior VP & CHRO of the company, sold 98,428 shares for $65.40 each. As a result, the insider received 6,437,664 and left with 85,028 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CARR now has a Market Capitalization of 56880885760 and an Enterprise Value of 73312919552. As of this moment, Carrier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.90, and their Forward P/E ratio for the next fiscal year is 20.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 4.92. Its current Enterprise Value per Revenue stands at 3.187 whereas that against EBITDA is 24.045.
Stock Price History:
The Beta on a monthly basis for CARR is 1.19, which has changed by 0.19113207 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, CARR has reached a high of $66.50, while it has fallen to a 52-week low of $45.68. The 50-Day Moving Average of the stock is -0.42%, while the 200-Day Moving Average is calculated to be 11.08%.
Shares Statistics:
The stock has traded on average 4.18M shares per day over the past 3-months and 4277740 shares per day over the last 10 days, according to various share statistics. A total of 901.01M shares are outstanding, with a floating share count of 841.17M. Insiders hold about 6.64% of the company’s shares, while institutions hold 85.11% stake in the company. Shares short for CARR as of 1718323200 were 16970256 with a Short Ratio of 4.06, compared to 1715731200 on 14937329. Therefore, it implies a Short% of Shares Outstanding of 16970256 and a Short% of Float of 2.9899999999999998.
Dividends & Splits
In the trailing 12 months, CARR’s forward annual dividend rate was 0.75, compared to 0.76 this year. Against a Trailing Annual Dividend Yield of 0.011859582
