In the last trading session, 3.08 million shares of the Carrier Global Corporation (NYSE:CARR) were traded. Most recently the company’s share price was $51.50, and it changed around -$1.85 or -3.47% from the last close, which brings the market valuation of the company to $46.29B. CARR currently trades at a discount to its 52-week high of $58.89, offering almost -14.35% off that amount. The share price’s 52-week low was $31.63, which indicates that the current value has risen by an impressive 38.58% since then. We note from Carrier Global Corporation’s average daily trading volume that its 10-day average is 3.15 million shares, with the 3-month average coming to 4.32 million.
Carrier Global Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 0 out of 23 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 9 recommended CARR as a Hold, whereas 12 deemed it a Buy, and 1 rated it as Underweight. Carrier Global Corporation is expected to report earnings per share of $0.67 for the current quarter.
Carrier Global Corporation (NYSE:CARR) trade information
Instantly CARR has showed a red trend with a performance of -3.47% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 53.98 on Friday, 10/08/21 increased the stock’s daily price by 4.59%. The company’s shares are currently up 36.53% year-to-date, but still down -1.83% over the last five days. On the other hand, Carrier Global Corporation (NYSE:CARR) is -9.22% down in the 30-day period. We can see from the shorts that 8.36 million shares have been sold at a short interest cover period of 1.85 day(s).
The consensus price target as assigned by Wall Street analysts is $59.63, which translates to bulls needing to increase their stock price by 13.63% from its current value. Analyst projections state that CARR is forecast to be at a low of $49.00 and a high of $70.00. In order for the stock price to hit the forecast high, the stock would need to plunge -35.92% from its current level, while the stock would need to crash 4.85% from its current level to reach the projected low.
Carrier Global Corporation (CARR) estimates and forecasts
Carrier Global Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 20.89 percent over the past six months and at a 33.13% annual growth rate that is well above the industry average of 23.00%. The year-over-year growth rate is expected to be 16.60%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $5.4 billion in revenue for the current quarter. 15 analysts expect Carrier Global Corporation to make $4.84 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $5 billion and $4.59 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.90%. Forecasts for the next quarter put sales growth at 5.30%.
Carrier Global Corporation earnings are expected to increase by -7.80% in 2021, but the outlook is positive 18.59% per year for the next five years.
Carrier Global Corporation’s next quarterly earnings report is expected to be released on April 29. The annual dividend yield of the stock is 0.93 percent and its annual dividend per share was 0.48. It is important to note, however, that the 0.93% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Carrier Global Corporation (NYSE:CARR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.07% of Carrier Global Corporation shares, and 86.81% of them are in the hands of institutional investors. The stock currently has a share float of 86.87%. Carrier Global Corporation stock is held by 1,580 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2021, it held 10.28% of the shares, which is about 89.22 million shares worth $3.77 billion.
Blackrock Inc., with 7.58% or 65.75 million shares worth $2.78 billion as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Growth Fund Of America Inc and Investment Company Of America were the top two Mutual Funds as of Jun 29, 2021. The former held 45.03 million shares worth $2.19 billion, making up 5.19% of all outstanding shares. On the other hand, Investment Company Of America held roughly 29.26 million shares worth around $1.42 billion, which represents about 3.37% of the total shares outstanding.