How to Buy Carrier Global Stock
Carrier Global Corp
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security.
Carrier Global stock last closed at $53.22, up 2.42% from the previous day, and has increased 18.45% in one year. It has underperformed other stocks in the Building Products & Equipment industry by 0.05 percentage points. Carrier Global stock is currently +32.13% from its 52-week low of $40.28, and -11.36% from its 52-week high of $60.04.
At the moment, there are 839.05M CARR shares outstanding. The market value of CARR is $44.65B. In the last 24 hours, 3.1M CARR shares were traded.
How to Buy Carrier Global Stock
Wondering how to invest in Carrier Global stock? Here's how.
- Figure out where to buy Carrier Global stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Carrier Global stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your method of payment and add your info.
- Analyze Carrier Global stock: The Carrier Global ticker symbol is CARR. Is Carrier Global stock a good investment? Should you buy shares of CARR? How do CARR's underlying business fundamentals look? Do top analysts think Carrier Global is a good buy? Why has CARR's stock price moved recently? (Hint: Our stock research website can help you evaluate if CARR is a good stock to buy).
- Place your CARR purchase: Decide if you will purchase CARR shares at the current market price or use a limit order to purchase CARR shares at a specific price.
- Keep an eye on your CARR investment: Create a watchlist to get live updates on your new investment in Carrier Global shares.
Step 1: Figure out where to buy Carrier Global stock
You will need an online brokerage account to access the NYSE market and buy CARR shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you can invest in CARR stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your brokerage account
Now that you have created your account on the highest rated app to buy and sell stocks, you can securely and quickly fund your account:
Watch the walkthrough below if you need help depositing funds into your new investment account.
Step 4: Analyze Carrier Global stock
Once you have identified the best place to buy Carrier Global stock, it's important to analyze their stock before you buy, so you truly understand the risk and opportunity.
Carrier Global stock quick numbers
Carrier Global Zen Score
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CARR's stock page.
Is CARR stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge CARR's true value.
Using relative valuations ratios:
- CARR could be overvalued based on its P/E ratio of 36.7x, relative to Building Products & Equipment industry P/E ratio of 26.97x
- CARR could be overvalued based on its P/B ratio of 5.46x, relative to Building Products & Equipment industry P/B ratio of 4.47x
- CARR may be overvalued based on its PEG ratio of 1.4x
You can do more valuation analysis on CARR's stock here.
A quick look at CARR Financials
Pros:
- CARR earnings of $2.04B is not enough to cover its interest payments.
- CARR's operating cash flow of $2.67B allows it to safely service it's debt of $9.25B.
- There are more short-term assets than short-term liabilities on the CARR balance sheet.
Cons:
- CARR profit margin has gone down from 17.5% to 5.4% in the past year.
- CARR has a relatively high debt to equity ratio of 2.21.
- There are more long-term liabilities than short-term assets on the CARR balance sheet.
Is Carrier Global stock a Buy, Hold, or Sell, according to analysts?
Out of 13 Wall Street analysts who monitor CARR, the consensus analyst rating on CARR is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent CARR Analyst Ratings
Brett Linzey, a top 11% analyst from Mizuho downgrades CARR to a hold rating and lowers their CARR price target from $63.00 to $61.00, on Sep 14, 2023.
Markus Mittermaier, a top 6% analyst from UBS maintains CARR with a hold rating and raises their CARR price target from $47.00 to $60.00, on Sep 8, 2023.
John Eade, a top 8% analyst from Argus Research maintains CARR with a strong buy rating and raises their CARR price target from $52.00 to $68.00, on Aug 1, 2023.
Argus Research's John Eade raised their price target on Carrier Global Corp (NYSE: CARR) by 30.77% from $52.00 to $68.00 on 2023/08/01. The analyst maintained their Strong Buy rating on the stock.
The analyst's update followed an assessment of Carrier Global's 2023/07/27 Q2 2023 earnings report and participation in the earnings call.
Management's long-term financial plan calls for low single-digit revenue growth and high single-digit growth in profitability as a result of expanding margins and share repurchases, Eade told investors.
The analyst added that Carrier's recent corporate restructuring should boost the company's revenue growth prospects and notes that the stock is trading at an "attractive" price at the moment.
Footnotes
On 2023/08/01, Carrier Global shares were trading at $59.80, representing a YTD gain of 43.7%.
Earnings Report
For Q2 2023, Carrier Global reported:
- EPS of $0.79, which beat the Zacks Consensus Estimate of $0.76 and, by 14.5%, Q2 2022’s $0.69.
- Revenue of $5.99B, which beat the Zacks Consensus Estimate by 3.78% and, by 15%, Q2 2022’s $5.21B.
- Free cash flow of $310M.
For FY 2023, management guided:
- EPS of $2.55 to $2.65, up from prior guidance of $2.50 to $2.60.
- Revenue of $22B+.
- Free cash flow of $1.9B.
Chairman & CEO David Gitlin commented: "We delivered another quarter of strong financial performance led by double-digit growth in commercial and light commercial HVAC, global truck and trailer, aftermarket and controls, which shows the strength of our execution, end-markets, and backlog.
“Given our strong performance in 1H 2023, we are now raising FY guidance for organic revenue growth, adjusted operating margin, and adjusted EPS.
"The more we learn about Viessmann Climate Solutions, the more excited we are for the impact of this game-changing combination*.
“We continue to anticipate a close around year-end and expect the majority of the businesses we plan to exit to be in the market over the course of the next few months.
“After the completion of these portfolio actions, Carrier will become a pure-play, high-growth global climate champion."
* From here: on 2023/04/25, Carrier announced its plan to acquire Viessmann Climate Solutions for €12B in cash and stock issued directly to Viessmann Group with a long-term ownership commitment.
Gautam Khanna, a top 9% analyst from TD Cowen maintains CARR with a buy rating and raises their CARR price target from $54.00 to $62.00, on Jul 31, 2023.
Deane Dray, a top 7% analyst from RBC Capital maintains CARR with a buy rating and raises their CARR price target from $54.00 to $64.00, on Jul 28, 2023.
You can dive deeper into what analysts are saying on the Carrier Global stock forecast page.
CARR Technical Indicators
Is CARR Making Money?
Last year, CARR earnings were $1.20B. Over the past three year, CARR's earnings have grown by -56.54% per year. This was slower than the Building Products & Equipment industry average of 3.56%.
Last year, CARR revenue was $22.10B. During the last three year, CARR's revenue has increased by 64.86% per year. This was faster than the Building Products & Equipment industry average of 17.27%.
Dig into CARR's earnings and revenue performance here.
Latest Insiders Trades at CARR
Over the last 12 months, insiders at CARR have sold more shares than they have bought.
Timothy N. White, President Refrigeration of CARR, was the latest CARR insider to sell. They sold $210,438.08 worth of CARR stock on Sep 1, 2023.
Learn more about who owns CARR stock here.
Does CARR stock generate passive income?
No, Carrier Global doesn't provide an income stream by paying out dividends.
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Step 5: Place your CARR purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you require additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your CARR investment
Now that you own some shares in CARR, you'll want to keep up with your new company.
Start a watchlist to keep tabs on your CARR stock.
CARR Feed
How to Buy Stock in Carrier Global
To reiterate, here are the 6 steps to buy stock in Carrier Global:
- Figure out where to buy Carrier Global stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Analyze Carrier Global stock
- Place your CARR purchase
- Keep an eye on your CARR investment
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Carrier Global, add CARR to your watchlist by clicking the button below.
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