Carrier Global Corporation (CARR): Detailed Summary on Industrials Stock


Carrier Global Corporation (NYSE:CARR) changes shares on Monday trading session, with a change of 6.01% or $1.29 shares. The trading starts at $21.52 and closed at $21.45 throughout the day. The trading session low price was $21.31 and day high was $22.825 on Monday, June 22. After the session, the Industrials sector daily volume shifted to 5.99 million while its average volume is 12.61M. In other hand, the CARR market cap reached to $19.51B. While, its current target price is $22.74 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.50% and up 16.92% for month. Its quarterly performance was 97.05% above. CARR performance rise 89.50% for year-to-date. Current recommendation for Carrier Global Corporation is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. EPS for this year is -22.60%, while for the next year its value is 1.62. Its EPS Q/Q reached -76.00%. It has an EPS of next five years will be down -7.60%.

Let’s take a look on the analyst recommendations on CARR for the current month and previous month. For the current month, 4 of 12 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 7 as Hold. As compared with the previous month ratings, 10 analysts participate in stock recommendation. Out of 10, 0 rated it sell, 3 rated it as Buy and 6 as Hold Ratings. On the other hand, target price ranges from $18.00-$28.00. Average target price for CARR was reached at $21.60.

Massachusetts Financial Services Co., Northern Trust Corporation and Point72 Asset Management, L.P. are the top three holders in Carrier Global Corporation (CARR) stock. On Mar 30, 2020, Massachusetts Financial Services Co. has 4.28 million shares which valued 73.8 million. On Mar 30, 2020, Northern Trust Corporation owned 1.4 million shares which valued at 24.16 million. On Mar 30, 2020, Point72 Asset Management, L.P. has a total of 0.42 million shares which valued at 7.31 million. In the end, Point72 Asset Management, L.P. have 0.05% shares outstanding of Carrier Global Corporation (CARR) on Mar 30, 2020. The institutional holding shifted to 0.80%.

According to the most recent quarter report on (Jun 2020), 10 analysts estimated an average EPS of 0.24. Analyst Estimated EPS for CARR published in the report was 0.16-0.32 during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CARR rise 30.50% for period of 200 days. SMA for 50 days was 23.87% which is showing green signal, while SMA-20 was 5.61%. The moving average value for Carrier Global Corporation (CARR) is 17.43 and 19.81 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CARR stock. On May 18, GREISCH JOHN J, Director, bought 35,000 trading shares at the cost of $17.44, which valued at 0.61 million.