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NYSE:CARR

Carrier Global (CARR) Stock Price, News & Analysis

Carrier Global logo
$74.53 -0.44 (-0.59%)
(As of 11/15/2024 ET)

About Carrier Global Stock (NYSE:CARR)

Key Stats

Today's Range
$74.00
$75.36
50-Day Range
$70.73
$82.67
52-Week Range
$51.20
$83.32
Volume
4.60 million shs
Average Volume
4.49 million shs
Market Capitalization
$66.87 billion
P/E Ratio
18.87
Dividend Yield
1.02%
Price Target
$82.31
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
99th Percentile Overall Score

CARR MarketRank™: 

Carrier Global scored higher than 99% of companies evaluated by MarketBeat, and ranked 24th out of 659 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 2.60, and is based on 7 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Carrier Global has been the subject of 12 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 19.12% in the coming year, from $2.51 to $2.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Carrier Global is 18.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.14.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Carrier Global is 18.87, 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 211.51.

  • Price to Earnings Growth Ratio

    Carrier Global has a PEG Ratio of 2.68. 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 4.45. 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

    1.21% 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 2.8, 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 20.73%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Carrier Global pays a meaningful dividend of 1.02%, 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 19.24%. 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 25.42% 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

    1.21% 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 2.8, 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 20.73%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Carrier Global has a news sentiment score of 0.87. 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 0.60 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 29 news articles for Carrier Global this week, compared to 16 articles on an average week.
  • Search Interest

    Only 18 people have searched for CARR on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.
  • MarketBeat Follows

    11 people have added Carrier Global to their MarketBeat watchlist in the last 30 days. This is an increase of 450% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Carrier Global insiders have not sold or bought any 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.
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CARR Stock News Headlines

UBS Upgrades Carrier Global (CARR)
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Carrier Global upgraded to Buy from Neutral at UBS
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 29.7% and is now trading at $74.53.
View the best growth stocks for 2024 here
.

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

Carrier Global's board authorized a stock buyback program on Thursday, October 24th 2024, which permits the company to buy back $3,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

Top institutional shareholders of Carrier Global include State Street Corp (3.75%), Geode Capital Management LLC (1.89%), Fisher Asset Management LLC (1.59%) and FMR LLC (0.97%). 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 Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Edwards Lifesciences (EW), Charles Schwab (SCHW), McKesson (MCK) and Yum! Brands (YUM).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 11/18 Dividend
10/25/2024
Today
11/17/2024
Dividend Payable
11/18/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

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
$82.31
High Stock Price Target
$94.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+10.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
15 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
22.17%

Debt

Sales & Book Value

Annual Sales
$22.10 billion
Cash Flow
$3.42 per share
Book Value
$16.76 per share

Miscellaneous

Free Float
834,870,000
Market Cap
$66.87 billion
Optionable
Not Optionable
Beta
1.34

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This page (NYSE:CARR) was last updated on 11/17/2024 by MarketBeat.com Staff
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