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After finishing at $76.29 in the prior trading day, Carrier Global Corp (NYSE: CARR) closed at $75.58, down -0.93%. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 2.79 million shares were traded. CARR stock price reached its highest trading level at $76.76 during the session, while it also had its lowest trading level at $75.46.
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 30.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 70.79. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.73.
On November 13, 2024, UBS Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $94.
Stephens Downgraded its Overweight to Equal-Weight on October 16, 2024, whereas the target price for the stock was revised from $75 to $85.
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 Nov 07 ’24 when Crockett Kyle sold 11,647 shares for $76.34 per share. The transaction valued at 889,082 led to the insider holds 2,042 shares of the business.
O’Connor Kevin J. sold 167,183 shares of CARR for $12,281,698 on Nov 06 ’24. The Senior VP & CLO now owns 46,083 shares after completing the transaction at $73.46 per share. On Nov 07 ’24, another insider, Kyle Crockett, who serves as the Officer of the company, bought 11,647 shares for $76.33 each.
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 67812417536 and an Enterprise Value of 78813446144. As of this moment, Carrier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.74, and their Forward P/E ratio for the next fiscal year is 24.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 5.13. Its current Enterprise Value per Revenue stands at 3.178 whereas that against EBITDA is 23.753.
Stock Price History:
Over the past 52 weeks, CARR has reached a high of $83.32, while it has fallen to a 52-week low of $52.28. The 50-Day Moving Average of the stock is -2.64%, while the 200-Day Moving Average is calculated to be 12.85%.
Shares Statistics:
The stock has traded on average 4.12M shares per day over the past 3-months and 5265180 shares per day over the last 10 days, according to various share statistics. A total of 997.11M shares are outstanding, with a floating share count of 837.38M. Insiders hold about 6.67% of the company’s shares, while institutions hold 85.03% stake in the company. Shares short for CARR as of 1731628800 were 10757874 with a Short Ratio of 2.61, compared to 1728950400 on 12827280. Therefore, it implies a Short% of Shares Outstanding of 10757874 and a Short% of Float of 1.91.
Dividends & Splits
In the trailing 12 months, CARR’s forward annual dividend rate was 0.76, compared to 0.76 this year. Against a Trailing Annual Dividend Yield of 0.009961987
