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NYSE:CARR

Carrier Global (CARR) Stock Price, News & Analysis

$80.57
+2.38 (+3.04%)
(As of 09/19/2024 ET)

About Carrier Global Stock (NYSE:CARR)

Key Stats

Today's Range
$79.25
$81.24
50-Day Range
$63.11
$80.57
52-Week Range
$45.68
$81.24
Volume
4.06 million shs
Average Volume
4.23 million shs
Market Capitalization
$72.59 billion
P/E Ratio
56.34
Dividend Yield
0.94%
Price Target
$71.73
Consensus Rating
Moderate Buy

Company Overview

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, heat pumps, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. This segment also offers fire and security service, such as audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. It offers its products under the Autronica, Det-Tronics, Edwards, Aritech, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. Carrier Global Corporation was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Carrier Global Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 95th Percentile

Carrier Global scored higher than 95% of companies evaluated by MarketBeat, and ranked 74th out of 668 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Carrier Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 6 buy ratings, 4 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Carrier Global has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Carrier Global's stock forecast and price target.
  • Earnings Growth

    Earnings for Carrier Global are expected to grow by 8.10% in the coming year, from $2.84 to $3.07 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Carrier Global is 56.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.13.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Carrier Global is 56.34, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 277.45.

  • Price to Earnings Growth Ratio

    Carrier Global has a PEG Ratio of 2.94. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Carrier Global has a P/B Ratio of 7.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Carrier Global's valuation and earnings.
  • Percentage of Shares Shorted

    1.38% of the float of Carrier Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Carrier Global has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Carrier Global has recently decreased by 11.56%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Carrier Global pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Carrier Global does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Carrier Global is 53.15%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Carrier Global will have a dividend payout ratio of 24.76% next year. This indicates that Carrier Global will be able to sustain or increase its dividend.

  • Read more about Carrier Global's dividend.
  • Percentage of Shares Shorted

    1.38% of the float of Carrier Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Carrier Global has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Carrier Global has recently decreased by 11.56%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Carrier Global has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 22 news articles for Carrier Global this week, compared to 16 articles on an average week.
  • Search Interest

    Only 22 people have searched for CARR on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added Carrier Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Carrier Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,026,758.00 in company stock.

  • Percentage Held by Insiders

    Only 6.95% of the stock of Carrier Global is held by insiders.

  • Percentage Held by Institutions

    91.00% of the stock of Carrier Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Carrier Global's insider trading history.

CARR Stock News Headlines

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See More Headlines

CARR Stock Analysis - Frequently Asked Questions

Carrier Global's stock was trading at $57.45 at the beginning of 2024. Since then, CARR shares have increased by 40.2% and is now trading at $80.57.
View the best growth stocks for 2024 here
.

Carrier Global Co. (NYSE:CARR) issued its quarterly earnings results on Thursday, July, 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The company's revenue for the quarter was up 11.7% on a year-over-year basis.
Read the conference call transcript
.

Carrier Global's top institutional investors include Fiera Capital Corp (0.88%), Legal & General Group Plc (0.72%), PineStone Asset Management Inc. (0.71%) and Bank of New York Mellon Corp (0.65%). Insiders that own company stock include David L Gitlin, Ajay Agrawal, Nadia Villeneuve, Kyle Crockett and Jurgen Timperman.
View institutional ownership trends
.

Shares of CARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Carrier Global investors own include RTX (RTX), Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Pfizer (PFE), QUALCOMM (QCOM) and Cisco Systems (CSCO).

Company Calendar

Ex-Dividend for 8/8 Dividend
6/21/2024
Last Earnings
7/25/2024
Dividend Payable
8/08/2024
Today
9/19/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refrigeration & heating equipment
Sub-Industry
Machinery
Fax
N/A
Employees
53,000
Year Founded
1902

Price Target and Rating

Average Stock Price Target
$71.73
High Stock Price Target
$81.00
Low Stock Price Target
$53.00
Potential Upside/Downside
-11.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
21.14%

Debt

Sales & Book Value

Annual Sales
$23.70 billion
Cash Flow
$3.74 per share
Book Value
$10.73 per share

Miscellaneous

Free Float
838,392,000
Market Cap
$72.59 billion
Optionable
Not Optionable
Beta
1.32

Social Links

Should I Buy Carrier Global Stock? CARR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Carrier Global pros and cons to contact@marketbeat.com.

Carrier Global
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Carrier Global Co.:

  • Carrier Global Co. reported a strong EPS of $0.87 for the quarter, beating analysts' estimates by $0.02, indicating solid financial performance.
  • The company has a healthy return on equity of 23.68%, showcasing efficient utilization of shareholder funds to generate profits.
  • Carrier Global Co. recently announced a dividend payout ratio of 53.15%, providing investors with a steady income stream.
  • Analysts have set new price targets for Carrier Global Co., with a consensus rating of "Hold" and an average price target of $67.08, suggesting potential for stock price appreciation.
  • Carrier Global Co.'s stock price has been trending upwards, with a recent increase of 1.8%, reflecting positive market sentiment towards the company.

Carrier Global
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Carrier Global Co. for these reasons:

  • Carrier Global Co. had revenue of $6.70 billion for the quarter, below analyst estimates of $7.05 billion, indicating a potential revenue shortfall.
  • The company's revenue for the quarter was up 11.7% on a year-over-year basis, which although positive, fell short of analyst expectations.
  • Insiders, including VP Ajay Agrawal, have been selling significant amounts of company stock, which may signal lack of confidence in future growth prospects.
  • While some analysts have upgraded Carrier Global Co.'s rating, others have issued sell ratings, indicating mixed opinions on the company's future performance.
  • Carrier Global Co. has a price-to-earnings ratio of 48.59 and a P/E/G ratio of 2.77, which may suggest the stock is currently overvalued compared to its growth prospects.

This page (NYSE:CARR) was last updated on 9/19/2024 by MarketBeat.com Staff
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