Unveiling the Truth About Carrier Global

Shares of Carrier Global have moved 2.6% today, and are now trading at a price of $57.89. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 2,379,619 compared to the stock's average volume of 4,995,968.

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. Based in Palm Beach Gardens, United States the company has 53,000 full time employees and a market cap of $52,106,960,896. Carrier Global currently offers its equity investors a dividend that yields 1.3% per year.

The company is now trading -7.63% away from its average analyst target price of $62.67 per share. The 19 analysts following the stock have set target prices ranging from $55.0 to $78.0, and on average give Carrier Global a rating of buy.

Over the last 52 weeks, CARR stock has risen 33.4%, which amounts to a 6.8% difference compared to the S&P 500. The stock's 52 week high is $60.87 whereas its 52 week low is $40.28 per share. With its net margins declining an average -13.0% over the last 6 years, Carrier Global may not have a strong enough profitability trend to support its stock price.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2023 22,098,000 1,440,000 7 -61.11
2022 20,421,000 3,584,000 18 125.0
2021 20,613,000 1,701,000 8 -27.27
2020 17,456,000 2,006,000 11 -8.33
2019 18,608,000 2,155,000 12 -20.0
2018 18,914,000 2,769,000 15
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.