Carrier Global Corporation (CARR) Stock Overview – September 22, 2024
Company Overview
Carrier Global Corporation (CARR) stands out as a leader in the industrial sector, particularly within the building products and equipment industry. Based in Palm Beach Gardens, Florida, Carrier has built its reputation on advanced heating, ventilation, and air conditioning (HVAC) solutions, along with a range of products in refrigeration, fire, security, and building automation technologies. Established in 2019 as a spin-off from United Technologies, Carrier operates through three main segments: HVAC, Refrigeration, and Fire & Security, catering to a diverse clientele worldwide. As of now, Carrier boasts a total revenue of approximately $23.7 billion, establishing a robust market position with a strong growth outlook.
Investment Outlook
Recent analysis suggests a strong buy recommendation for Carrier Global Corporation in the Building Products & Equipment segment. With the stock currently priced at $79.92, the target high price is set at $81.00, indicating a favorable potential for upward movements. However, the target mean price is slightly conservative at $74.30, reflecting varied analyst sentiments. A total of 902,752,000 shares are outstanding, with only 2.04% shorted, indicating predominantly positive investor sentiment. The consensus recommendation among analysts stands at a mean of 2.2, reinforcing the buy signals for potential investors.
Performance Indicators
Analysis of recent trading patterns shows that Carrier’s stock is well-positioned, sitting below its 52-week high of $81.24, suggesting room for growth. The stock remains significantly above its 52-week low of $45.68, emphasizing a strong recovery trajectory. Furthermore, the fifty-day moving average is recorded at $69.35, which indicates a short-term positive performance trend, showcasing bullish sentiment among investors. In light of this data, Carrier Global Corporation demonstrates a compelling investment opportunity, aligned with market trends and analysts’ recommendations.
| Metric | Value |
|---|---|
| Market Cap | $72.1b |
| Total Debt | $13.8b |
| Total Cash | $2.9b |
| Shares Outstanding | 902.8m |
| Float Shares | 842.1m |
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