Shares of Carrier Global have moved -2.8% today, and are now trading at a price of $66.51. In contrast, the S&P 500 index saw a -2.0% change. Today's trading volume is 5,987,122 compared to the stock's average volume of 4,484,659.
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 $59,674,570,752. Carrier Global currently offers its equity investors a dividend that yields 1.1% per year.
The company is now trading -18.59% away from its average analyst target price of $81.7 per share. The 21 analysts following the stock have set target prices ranging from $53.0 to $96.0, and on average give Carrier Global a rating of buy.
Over the last 52 weeks, CARR stock has risen 19.1%, which amounts to a -3.2% difference compared to the S&P 500. The stock's 52 week high is $83.32 whereas its 52 week low is $53.13 per share. With its net margins declining an average -13.0% over the last 6 years, Carrier Global may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ 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 |
