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CARR

INDUSTRIALS

Carrier Global Corp

AI Stock Analysis· Neutral
Jun 22 · 7:41 PM ET

Carrier Global Corp (CARR) is currently trading at $71.85, reflecting a slight increase of 0.06% today. The stock has shown a positive technical outlook, with a Relative Strength Index (RSI) of 62.6 indicating that it is approaching overbought territory. Key moving averages strengthen this view, as the 20-day simple moving average (SMA) is at $67.83, the 50-day SMA at $65.35, and the 200-day SMA at $59.72. The MACD at 1.92, surpassing its signal line of 1.63, indicates bullish momentum, supported by a histogram reading of 0.29. The market capitalization stands at $59.64 billion, suggesting a robust position in the industrial sector, particularly within building products and equipment.

From a fundamental perspective, Carrier Global exhibits a high price-to-earnings (P/E) ratio of 47.9, which may reflect investor optimism despite a significant year-over-year revenue decline of 328.6%. The company has reported a quarter-over-quarter revenue growth of 2.4%, but the EPS has decreased by 40.7%, underscoring potential challenges in maintaining profitability. On the positive side, the gross margin is exceptionally high at 2590.7%, and the operating margin stands at 988.6%, indicating strong operational efficiency. Analysts have a consensus rating of "BUY," with a target price of $76.25, suggesting that they expect the stock to appreciate despite current valuation metrics indicating a premium relative to its growth trajectory.

Looking ahead, Carrier Global's next earnings report is not scheduled within the next 30 days, which may limit immediate catalysts for the stock. Notably, however, the company recently appointed Thomas Donato as the new President of Climate Solutions Europe, which could signal a strategic shift or focus on expanding its offerings in that market. Investors should watch for any signs of margin compression or revenue acceleration in the upcoming quarters, as these factors will be crucial in determining the sustainability of the current valuation and the stock's future performance.

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52-Week Range

$49.85$80.15

$71.05

Fundamentals

Market Cap$59.6B
P/E Ratio47.9
EPS$1.50
Dividend Yield1.34%
Dividend / Share$0.93
ROE9.9%
Profit Margin6.0%
Debt / Equity

Trading

Volume822K
Avg Volume (10D)
Shares Outstanding830.6M

CARR News

74 articles

Price Data

Open$70.20
Previous Close$71.85
Day High$71.76
Day Low$70.18
52 Week High$80.15
52 Week Low$49.85

About Carrier Global Corp

Carrier Global Corporation is an American multinational home appliances corporation based in Palm Beach Gardens, Florida.

47.0K employees
Listed March 18, 2020
INDUSTRIALSBUILDING PRODUCTS & EQUIPMENT

Company Details

Security TypeCommon Stock
ExchangeNYSE
CurrencyUSD
Round Lot
SICBUILDING PRODUCTS & EQUIPMENT
CIK
Composite FIGI
Share Class FIGI