Carrier Global Corp (NYSE: CARR) is -14.15% lower on its value in year-to-date trading and has touched a low of $53.66 and a high of $83.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CARR stock was last observed hovering at around $59.47 in the last trading session, with the day’s loss setting it -0.87%.
Currently trading at $58.60, the stock is -3.44% and -8.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.74 million and changing -1.46% at the moment leaves the stock -16.12% off its SMA200. CARR registered 9.47% gain for a year compared to 6-month loss of -28.14%. The firm has a 50-day simple moving average (SMA 50) of $63.9318 and a 200-day simple moving average (SMA200) of $69.8884.
The stock witnessed a -13.77% gain in the last 1 month and extending the period to 3 months gives it a -16.32%, and is -3.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.12% over the week and 4.32% over the month.
Carrier Global Corp (CARR) has around 48000 employees, a market worth around $51.38B and $24.00B in sales. Current P/E ratio is 14.01 and Fwd P/E is 17.15. Profit margin for the company is 16.39%. Distance from 52-week low is 9.21% and -29.67% from its 52-week high. The company has generated returns on investments over the last 12 months (15.41%).
with sales reaching $5.19B over the same period.The EPS is expected to grow by 16.46% this year, but quarterly earnings will post 0.72% year-over-year. Quarterly sales are estimated to shrink -16.10% in year-over-year returns.
1946.0 institutions hold shares in Carrier Global Corp (CARR), with institutional investors hold 93.29% of the company’s shares. The shares outstanding are 878.34M, and float is at 804.09M with Short Float at 1.72%. Institutions hold 86.83% of the Float.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 95.48 million shares valued at $6.02 billion. The investor’s holdings represent 10.5803 of the CARR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 94.58 million shares valued at $5.97 billion to account for 10.4808 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 83.34 million shares representing 9.2349 and valued at over $5.26 billion, while BLACKROCK INC. holds 5.809 of the shares totaling 52.42 million with a market value of $3.31 billion.
Carrier Global Corp (CARR) Insider Activity
Still, SEC filings show that on Feb 14 ’25, Crockett Kyle (VP, Controller & CAO) disposed off 18,945 shares at an average price of $65.18 for $1.23 million. The insider now directly holds 4,573 shares of Carrier Global Corp (CARR).
