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Carrier Global (CARR)
NYSE:CARR
Carrier Global (CARR) Stock Price & Analysis
1,138 Followers
CARR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$39.72 - $60.87
Previous Close$54.25
Volume2.66M
Average Volume (3M)5.04M
Market Cap
$48.83B
Enterprise Value$53.83B
Total Cash (Recent Filing)$10.02B
Total Debt (Recent Filing)$14.68B
Price to Earnings (P/E)34.3
Beta1.29
Next Earnings
Apr 25, 2024EPS Estimate
$0.5Last Dividend Ex-Date
Dec 20, 2023Dividend Yield1.36%
Share Statistics
EPS (TTM)1.58
Shares Outstanding898,364,047
10 Day Avg. Volume3,954,769
30 Day Avg. Volume5,035,494
Standard Deviation0.09
R-Squared0.48
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)-146.54
Price to Sales (P/S)2.23
Price to Cash Flow (P/CF)11.70
P/FCF Ratio11.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.44
Enterprise Value/Gross Profit6.51
Enterprise Value/Ebitda25.32
Forecast
1Y Price Target
$63.42Price Target Upside16.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Carrier Global News
Bulls Say, Bears Say
Bulls Say
Divestiture ImpactThe strategic sale of industrial fire assets aims to streamline Carrier Global's operations, with the proceeds earmarked for debt reduction and enabling future stock repurchases.
Financial StrategyCarrier Global's focus on paying down debt with the sale proceeds is expected to position the company to resume share buybacks, reinforcing its commitment to shareholder value.
Portfolio OptimizationCarrier Global's divestiture of non-core businesses reflects a deliberate shift towards becoming a pure-play Climate Solutions provider, potentially enhancing its market focus and operational efficiency.
Bears Say
Company SaleThe bid for KFI's assets is only $140 million in cash with a potential earn-out of up to $60 million which may not cover all liabilities.
Financial ForecastingThere is a modest risk to 2025 consensus EPS due to the divestment plans causing some dilution that analysts might not have fully accounted for.
Market DemandNIBE Announces Headcount Reduction Due to Weak EU Heat Pump Demand
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Ownership Overview
6.66% Insiders
41.75% Mutual Funds
20.71% Other Institutional Investors
30.87% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CARR FAQ
What was Carrier Global’s price range in the past 12 months?
Carrier Global lowest stock price was $39.72 and its highest was $60.87 in the past 12 months.
What is Carrier Global’s market cap?
Currently, no data Available
When is Carrier Global’s upcoming earnings report date?
Carrier Global’s upcoming earnings report date is Apr 25, 2024 which is in 6 days.
How were Carrier Global’s earnings last quarter?
Carrier Global released its earnings results on Feb 06, 2024. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02.
Is Carrier Global overvalued?
According to Wall Street analysts Carrier Global’s price is currently Undervalued.
Does Carrier Global pay dividends?
Carrier Global pays a Quarterly dividend of $0.19 which represents an annual dividend yield of 1.36%. See more information on Carrier Global dividends here
What is Carrier Global’s EPS estimate?
Carrier Global’s EPS estimate is $0.5.
How many shares outstanding does Carrier Global have?
Carrier Global has 900,102,900 shares outstanding.
What happened to Carrier Global’s price movement after its last earnings report?
Carrier Global reported an EPS of $0.53 in its last earnings report, beating expectations of $0.51. Following the earnings report the stock price went down -3.466%.
Which hedge fund is a major shareholder of Carrier Global?
Among the largest hedge funds holding Carrier Global’s share is Dodge & Cox. It holds Carrier Global’s shares valued at 829M.
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Carrier Global Stock Smart Score
Neutral
1
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Analyst Consensus
Moderate Buy
Average Price Target:
$63.42 (16.90% Upside)
$63.42 (16.90% Upside)
Blogger Sentiment
Bullish
CARR Sentiment 90%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 3.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 5.9%
Last 30 Days ▼ 5.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
23.08%
12-Months-Change
Fundamentals
Return on Equity
16.42%
Trailing 12-Months
Asset Growth
25.82%
Trailing 12-Months
Company Description
Carrier Global
Florida-based Carrier Global Corporation provides HVAC (heating, ventilation, and air conditioning), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security.
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CARR Company Deck
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CARR Earnings Call
Q4 2024
0:00 / 0:00
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CARR Net sales Breakdown
68.51% HVAC
17.28% Refrigeration
16.44% Fire & Security
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CARR Stock 12 Months Forecast
Average Price Target
$63.42
▲(16.90% Upside)
Technical Analysis
Best Analysts Covering CARR
1 Year
1 Year Success Rate
13/20 ratings generated profit
1 Year Average Return
+8.43%
reiterated a buy rating 15 days ago
Copying Deane Dray's trades and holding each position for 1 Year would result in 65.00% of your transactions generating a profit, with an average return of +8.43% per trade.
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