Shares of Industrials sector company Carrier Global moved 0.7% today, and are now trading at a price of $47.23. The large-cap stock's daily volume was 3,462,750 compared to its average volume of 5,814,338. The S&P 500 index returned a -0.0% performance.
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. The company is based in Palm Beach Gardens and has 52,000 full time employees. Its market capitalization is $39,425,224,704. Carrier Global currently offers its equity investors a dividend that yields 1.4% per year.
16 analysts are following Carrier Global and have set target prices ranging from $45.0 to $54.0 per share. On average, they have given the company a rating of buy. At today's prices, CARR is trading -2.75% away from its average analyst target price of $48.56 per share.
Over the last year, CARR's share price has increased by 33.9%, which represents a difference of 17.0% 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. Carrier Global's average free cash flow over the last 4 years has been $1.61 Billion, but they have been decreasing at an average rate of -5.7%. This may prove a challenge to the long term sustainability of the stock's upwards trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cashflow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 1,743,000 | -353,000 | 1,390,000 | -26.57 |
| 2021-12-31 | 2,237,000 | -344,000 | 1,893,000 | 37.17 |
| 2020-12-31 | 1,692,000 | -312,000 | 1,380,000 | -21.55 |
| 2019-12-31 | 2,002,000 | -243,000 | 1,759,000 | n/a |
