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NYSE:CARR

Carrier Global (CARR) Stock Forecast, Price & News

$45.14
-0.46 (-1.01%)
(As of 02:40 PM ET)
Compare
Today's Range
$44.72
$45.89
50-Day Range
$40.65
$45.75
52-Week Range
$33.10
$49.17
Volume
4.39 million shs
Average Volume
5.15 million shs
Market Capitalization
$37.68 billion
P/E Ratio
15.25
Dividend Yield
1.64%
Price Target
$48.87

Carrier Global MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
7.9% Upside
$48.87 Price Target
Short Interest
Healthy
2.41% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.21
Upright™ Environmental Score
News Sentiment
0.22mentions of Carrier Global in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.39%
From $2.57 to $2.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Computer And Technology Sector

210th out of 598 stocks

Refrigeration & Heating Equipment Industry

3rd out of 4 stocks


CARR stock logo

About Carrier Global (NYSE:CARR) Stock

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

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CARR Stock News Headlines

Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
See More Headlines

CARR Price History

CARR Company Calendar

Last Earnings
4/25/2023
Ex-Dividend for 5/24 Dividend
5/04/2023
Dividend Payable
5/24/2023
Today
6/09/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Refrigeration & heating equipment
Sub-Industry
N/A
Fax
N/A
Employees
52,000
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$48.87
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+8.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$3.53 billion
Pretax Margin
14.80%

Debt

Sales & Book Value

Annual Sales
$21.04 billion
Cash Flow
$2.82 per share
Book Value
$9.66 per share

Miscellaneous

Free Float
831,666,000
Market Cap
$37.47 billion
Optionable
Not Optionable
Beta
1.32

Social Links


Key Executives

  • Mr. David L. GitlinMr. David L. Gitlin (Age 54)
    Chairman & CEO
    Comp: $5.83M
  • Mr. Patrick P. Goris (Age 51)
    Sr. VP & CFO
    Comp: $2.28M
  • Mr. Christopher John Nelson (Age 53)
    Pres of HVAC
    Comp: $2.04M
  • Mr. Jurgen  TimpermanMr. Jurgen Timperman (Age 50)
    Pres of Fire & Security
    Comp: $1.53M
  • Mr. Timothy N. White (Age 50)
    Pres of Refrigeration Segment
    Comp: $2.35M
  • Mr. Hakan Yilmaz
    Sr. VP & CTO
  • Mr. Samuel Joel Pearlstein
    VP of Investor Relations
  • Mr. Kevin James O'Connor (Age 55)
    Sr. VP & Chief Legal Officer
  • Ms. Mary Milmoe
    VP of Communications & Marketing
  • Ms. Nadia Villeneuve (Age 50)
    Sr. VP & Chief HR Officer













CARR Stock - Frequently Asked Questions

Should I buy or sell Carrier Global stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CARR shares.
View CARR analyst ratings
or view top-rated stocks.

What is Carrier Global's stock price forecast for 2023?

12 brokerages have issued 1-year target prices for Carrier Global's stock. Their CARR share price forecasts range from $42.00 to $55.00. On average, they anticipate the company's share price to reach $48.87 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
View analysts price targets for CARR
or view top-rated stocks among Wall Street analysts.

How have CARR shares performed in 2023?

Carrier Global's stock was trading at $41.25 at the beginning of 2023. Since then, CARR stock has increased by 8.7% and is now trading at $44.85.
View the best growth stocks for 2023 here
.

Are investors shorting Carrier Global?

Carrier Global saw a increase in short interest in May. As of May 15th, there was short interest totaling 20,060,000 shares, an increase of 22.9% from the April 30th total of 16,320,000 shares. Based on an average trading volume of 5,710,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.4% of the shares of the stock are short sold.
View Carrier Global's Short Interest
.

When is Carrier Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CARR earnings forecast
.

How were Carrier Global's earnings last quarter?

Carrier Global Co. (NYSE:CARR) issued its earnings results on Tuesday, April, 25th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business earned $5.27 billion during the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a trailing twelve-month return on equity of 25.56% and a net margin of 12.02%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS.
Read the conference call transcript
.

How often does Carrier Global pay dividends? What is the dividend yield for Carrier Global?

Carrier Global declared a quarterly dividend on Thursday, April 20th. Investors of record on Friday, May 5th will be given a dividend of $0.185 per share on Wednesday, May 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 4th.
Read our dividend analysis for CARR
.

Is Carrier Global a good dividend stock?

Carrier Global (NYSE:CARR) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.69%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARR will have a dividend payout ratio of 26.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CARR.

What guidance has Carrier Global issued on next quarter's earnings?

Carrier Global issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $2.50-$2.60 for the period, compared to the consensus estimate of $2.57. The company issued revenue guidance of $22.00 billion-$22.00 billion, compared to the consensus revenue estimate of $22.02 billion.

What is David Gitlin's approval rating as Carrier Global's CEO?

1,551 employees have rated Carrier Global Chief Executive Officer David Gitlin on Glassdoor.com. David Gitlin has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Carrier Global own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carrier Global investors own include Raytheon Technologies (RTX), Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Pfizer (PFE), QUALCOMM (QCOM), Cisco Systems (CSCO), Verizon Communications (VZ), CVS Health (CVS) and Intel (INTC).

What is Carrier Global's stock symbol?

Carrier Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "CARR."

Who are Carrier Global's major shareholders?

Carrier Global's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.01%), State Street Corp (3.97%), Price T Rowe Associates Inc. MD (2.09%), Geode Capital Management LLC (2.08%), Dodge & Cox (1.78%) and Fiera Capital Corp (1.43%). Insiders that own company stock include Ajay Agrawal, David Appel, Jurgen Timperman, Kyle Crockett and Nadia Villeneuve.
View institutional ownership trends
.

How do I buy shares of Carrier Global?

Shares of CARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Carrier Global's stock price today?

One share of CARR stock can currently be purchased for approximately $44.85.

How much money does Carrier Global make?

Carrier Global (NYSE:CARR) has a market capitalization of $37.44 billion and generates $21.04 billion in revenue each year. The company earns $3.53 billion in net income (profit) each year or $2.96 on an earnings per share basis.

How many employees does Carrier Global have?

The company employs 52,000 workers across the globe.

How can I contact Carrier Global?

Carrier Global's mailing address is 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL, 33418. The official website for the company is www.corporate.carrier.com. The company can be reached via phone at 561-365-2000 or via email at investorrelations@carrier.com.

This page (NYSE:CARR) was last updated on 6/9/2023 by MarketBeat.com Staff

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