Buying Carrier Global (CARR)? Here's What You Must Know.

Large-cap Industrials company Carrier Global has logged a -1.8% change today on a trading volume of 996,544. The average volume for the stock is 5,781,363.

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. Based in Palm Beach Gardens, United States the company has 52,000 full time employees and a market cap of $37,375,696,896. Carrier Global currently offers its equity investors a dividend that yields 1.5% per year.

The company is now trading -7.44% away from its average analyst target price of $48.37 per share. The 16 analysts following the stock have set target prices ranging from $45.0 to $54.0, and on average give Carrier Global a rating of buy.

Over the last year, CARR shares have gone up 17.4%, which represents a difference of 11.0% when compared to the S&P 500. The stock's 52 week high is $49.17 per share whereas its 52 week low is $33.1. With its gross margins declining a compounded average of -2.1% over the last 4 years, Carrier Global may not have a strong enough business to maintain this trend.

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2022-12-31 20,421,000 14,957,000 26.76 -7.76
2021-12-31 20,613,000 14,633,000 29.01 -0.89
2020-12-31 17,456,000 12,347,000 29.27 0.52
2019-12-31 18,608,000 13,189,000 29.12 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.