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.
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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.
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You can see all of the due diligence checks on CARR's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge CARR's true value.
Using relative valuations ratios:
You can do more valuation analysis on CARR's stock here.
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.
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.
On 2023/08/01, Carrier Global shares were trading at $59.80, representing a YTD gain of 43.7%.
For Q2 2023, Carrier Global reported:
For FY 2023, management guided:
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.
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.
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.
No, Carrier Global doesn't provide an income stream by paying out dividends.
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