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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 $66.00, down 0.62% from the previous day, and has increased 24.25% in one year. It has underperformed other stocks in the Building Products & Equipment industry by 0.16 percentage points. Carrier Global stock is currently +44.48% from its 52-week low of $45.68, and -1.48% from its 52-week high of $66.99.

At the moment, there are 901.01M CARR shares outstanding. The market value of CARR is $59.47B. In the last 24 hours, 3.03M CARR shares were traded.

How to Buy Carrier Global Stock

Wondering how to invest in Carrier Global stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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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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:

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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

CARR Price
$66.00
1w %
4.36%
1y %
24.25%
5y %
N/A
P/E
44.9x
P/B
5.14x
P/S
2.58x
PEG
1.1x
Revenue
$23.01B
Earnings
$1.25B
Fore. Rev. Growth
6.67%
Fore. Earn. Growth
45.21%
Market Cap
$59.47B
Next Earnings
Jul 25, 2024
Next Dividend
N/A

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 44.9x, relative to Building Products & Equipment industry P/E ratio of 29.88x
  • CARR could be undervalued based on its P/B ratio of 5.14x, relative to Building Products & Equipment industry P/B ratio of 5.53x
  • CARR may be overvalued based on its PEG ratio of 1.1x

You can do more valuation analysis on CARR's stock here.

A quick look at CARR Financials

Pros:

  • CARR earnings of $2.14B is not enough to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the CARR balance sheet.

Cons:

  • There are more long-term liabilities than short-term assets on the CARR balance sheet.
  • CARR profit margin has gone down from 12% to 5.4% in the past year.
  • CARR's operating cash flow of $2.53B allows it to safely service it's debt of $17.40B.
  • CARR has a relatively high debt to equity ratio of 2.5.

Is Carrier Global stock a Buy, Hold, or Sell, according to analysts?

Out of 8 Wall Street analysts who monitor CARR, the consensus analyst rating on CARR is a Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent CARR Analyst Ratings

Joe O'Dea, a top 20% analyst from Wells Fargo maintains CARR with a hold rating and raises their CARR price target from $59.00 to $66.00, on Apr 26, 2024.

Vladimir Bystricky, a top 32% analyst from Citigroup maintains CARR with a hold rating and raises their CARR price target from $60.00 to $63.00, on Apr 8, 2024.

Deane Dray, a top 5% analyst from RBC Capital maintains CARR with a buy rating and lowers their CARR price target from $63.00 to $60.00, on Feb 7, 2024.

You can dive deeper into what analysts are saying on the Carrier Global stock forecast page.

CARR Technical Indicators

SMA10
63.59
SMA20
63.84
SMA50
63.84
SMA100
60.31
SMA200
57.1
MACD
0.37
MACD Signal
0.13
MACD Histogram
0.24
RSI
59.98
Stochastic %K
72.47
Stochastic %D
51.7
StochRSI %K
87.41
StochRSI %D
62.09

Is CARR Making Money?

Last year, CARR earnings were $1.25B. Over the past four year, CARR's earnings have grown by -8.42% per year. This was slower than the Building Products & Equipment industry average of 10.52%.

Last year, CARR revenue was $23.01B. During the last four year, CARR's revenue has increased by 6.07% per year. This was slower than the Building Products & Equipment industry average of 7.31%.

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.

Kyle Crockett, VP Controller CAO of CARR, was the latest CARR insider to sell. They sold $306,133.51 worth of CARR stock on May 21, 2024.

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.

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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:

  1. Figure out where to buy Carrier Global stock
  2. Create your brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Carrier Global stock
  5. Place your CARR purchase
  6. Keep an eye on your CARR investment

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If you want to watch your new investment in Carrier Global, add CARR to your watchlist by clicking the button below.

NYSE: CARR
$66.00-0.41 (-0.62%)
Updated Jul 12, 2024
Open eToro Account
NYSE: CARR
$66.00-0.41 (-0.62%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Carrier Global share?

As of Jul 12, 2024, it costs $66.00 to buy one share of Carrier Global stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.152 shares of CARR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Carrier Global stock?

According to 8 Wall Street analysts who monitor Carrier Global, their consensus recommendation is to buy Carrier Global stock.

What is the best way to buy Carrier Global stock?

One way to place an order for Carrier Global stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.