Quick Update for Carrier Global (CARR) Investors

Shares of Industrials sector company Carrier Global moved -1.4% today, and are now trading at a price of $55.35. The large-cap stock's daily volume was 317,362 compared to its average volume of 4,267,665. The S&P 500 index returned a -1.0% 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 $49,719,029,760. Carrier Global currently offers its equity investors a dividend that yields 1.3% per year.

18 analysts are following Carrier Global and have set target prices ranging from $51.0 to $67.0 per share. On average, they have given the company a rating of buy. At today's prices, CARR is trading -8.29% away from its average analyst target price of $60.36 per share.

Over the last year, CARR's share price has increased by 23.6%, which represents a difference of 3.7% when compared to the S&P 500. The stock's 52 week high is $60.04 per share whereas its 52 week low is $40.28. With average free cash flows of $1.76 Billion that have been growing at an average rate of 3.6% over the last 5 years, Carrier Global is in a position to continue its strong stock performance trend.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023 2,668,000 376,000 2,292,000 64.89
2022 1,743,000 353,000 1,390,000 -26.57
2021 2,237,000 344,000 1,893,000 37.17
2020 1,692,000 312,000 1,380,000 -24.18
2019 2,063,000 243,000 1,820,000
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.