The stock of Carrier Global Corp (NYSE:CARR) last traded at $55.14, up 2.83% from the previous session.
CARR stock price is now -2.09% away from the 50-day moving average and 0.49% away from the 200-day moving average. The market capitalization of the company currently stands at $49.63B.
With the price target maintained at $56, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Carrier Global Corp (NYSE: CARR). On October 06, 2023, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock keeping its target price maintained at $53, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Gitlin David L., Chairman and CEO sold 354,539 shares of the company’s stock on Feb 08 ’24. The stock was sold for $19,203,073 at an average price of $54.16. Upon completion of the transaction, the Chairman and CEO now directly owns 422,808 shares in the company, valued at $23.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 08 ’24, Senior VP & CLO O’Connor Kevin J. sold 26,551 shares of the business’s stock. A total of $1,427,676 was realized by selling the stock at an average price of $53.77. This leaves the insider owning 66,083 shares of the company worth $3.64 million. A total of 6.66% of the company’s stock is owned by insiders.
During the past 12 months, Carrier Global Corp has had a low of $40.28 and a high of $60.87. As of last week, the company has a debt-to-equity ratio of 1.70, a current ratio of 2.73, and a quick ratio of 2.40.
According to the Building Products & Equipment Company, earnings per share came in at 0.52, beating analysts’ expectations of 0.48 by 0.04. This compares to $0.34 EPS in the same period last year. The net profit margin was 6.10% and return on equity was 16.42% for CARR. The company reported revenue of $5.1 billion for the quarter, compared to $5.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.06 percent. For the current quarter, analysts expect CARR to generate $6.28B in revenue.
