Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $63.15 in the prior trading day, Carrier Global Corp (NYSE: CARR) closed at $63.88, up 1.16%. In other words, the price has increased by $1.16 from its previous closing price. On the day, 4.74 million shares were traded. CARR stock price reached its highest trading level at $64.56 during the session, while it also had its lowest trading level at $62.96.
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 25.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.83. 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.
UBS Upgraded its Neutral to Buy on November 13, 2024, while the target price for the stock was maintained at $94.
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 57314861056 and an Enterprise Value of 68315885568. As of this moment, Carrier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.69, and their Forward P/E ratio for the next fiscal year is 21.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 4.34. Its current Enterprise Value per Revenue stands at 2.755 whereas that against EBITDA is 20.589.
Stock Price History:
The Beta on a monthly basis for CARR is 1.23, which has changed by 0.17313766 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, CARR has reached a high of $83.32, while it has fallen to a 52-week low of $53.13. The 50-Day Moving Average of the stock is -9.46%, while the 200-Day Moving Average is calculated to be -8.15%.
Shares Statistics:
The stock has traded on average 5.05M shares per day over the past 3-months and 7110860 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 837.49M. Insiders hold about 6.66% of the company’s shares, while institutions hold 84.97% stake in the company. Shares short for CARR as of 1736899200 were 11269301 with a Short Ratio of 2.23, compared to 1734048000 on 10731705. Therefore, it implies a Short% of Shares Outstanding of 11269301 and a Short% of Float of 2.0.
Dividends & Splits
In the trailing 12 months, CARR’s forward annual dividend rate was 0.76, compared to 0.80 this year. Against a Trailing Annual Dividend Yield of 0.012034837
