The stock of Carrier Global Corp (NYSE:CARR) last traded at $70.50, up 0.73% from the previous session.
CARR stock price is now 10.41% away from the 50-day moving average and 0.91% away from the 200-day moving average. The market capitalization of the company currently stands at $60.44B.
With the price target enhanced from $77 to $78, JP Morgan Upgraded its rating from Neutral to Overweight for Carrier Global Corp (NYSE: CARR). On February 24, 2025, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $80, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Kevin O’Connor, Officer bought 34,428 shares of the company’s stock on Mar 13 ’25. The stock was bought for $2,241,280 at an average price of $65.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’25, Officer Kevin O’Connor bought 56,980 shares of the business’s stock. A total of $3,726,944 was incurred on buying the stock at an average price of $65.41. A total of 6.98% of the company’s stock is owned by insiders.
During the past 12 months, Carrier Global Corp has had a low of $54.22 and a high of $83.32. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 1.20, and a quick ratio of 0.83.
The net profit margin was 17.70% and return on equity was 25.69% for CARR. The company reported revenue of $5.22 billion for the quarter, compared to $5.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.73 percent.
