Large-cap Industrials company Carrier Global has moved -2.1% so far today on a volume of 5,211,870, compared to its average of 5,441,151. In contrast, the S&P 500 index moved -1.0%.
Carrier Global trades -5.28% away from its average analyst target price of $59.29 per share. The 17 analysts following the stock have set target prices ranging from $46.9 to $67.0, and on average have given Carrier Global a rating of buy.
Anyone interested in buying CARR should be aware of the facts below:
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Carrier Global's current price is 150.3% above its Graham number of $22.44, which implies that at its current valuation it does not offer a margin of safety
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Carrier Global has moved 32.0% over the last year, and the S&P 500 logged a change of 7.0%
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Based on its trailing earnings per share of 2.96, Carrier Global has a trailing 12 month Price to Earnings (P/E) ratio of 19.0 while the S&P 500 average is 15.97
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CARR has a forward P/E ratio of 19.6 based on its forward 12 month price to earnings (EPS) of $2.86 per share
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The company has a price to earnings growth (PEG) ratio of 2.4 — a number near or below 1 signifying that Carrier Global is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 5.9 compared to its sector average of 3.78
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Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide.
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Based in Palm Beach Gardens, the company has 52,000 full time employees and a market cap of $46.88 Billion. Carrier Global currently returns an annual dividend yield of 1.2%.