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Analysts have given Carrier Global Co. (NYSE:CARR) a consensus recommendation of “Moderate Buy.”

Analysts have given Carrier Global Co. (NYSE:CARR) a consensus recommendation of “Moderate Buy.”

According to a report on Bloomberg.com, the sixteen analysts actively covering Carrier Global Co. (NYSE: CARR) have collectively assigned the company a rating of “Moderate Buy” as their overall recommendation for the stock. Seven research analysts have assigned a buy rating to the company, while only five have assigned a hold rating to the stock. Most brokerages that have refreshed their coverage in the preceding year have placed a price estimate of $46.46 on the table for the upcoming year’s worth of trading.
The opinions of several analysts who specialize in equity research have been provided about the CARR shares. Citigroup previously assigned carrier Global an “underweight” rating; however, in a research note published on Friday, December 9, the firm upgraded the stock to an “overweight” rating and increased its price target. Goldman Sachs Group recommended a “buy” on Carrier Global in research released on Thursday, December 15, and gave the company a rating of “buy.” Carrier Global had previously been assigned a rating of “sell,” and a price target of $48.0 had been established. In a research note published on Monday, October 31, Cowen downgraded their “outperform” rating on Carrier Global shares and dropped their price objective on the stock from $58.00 to $49.00. Both of these changes were made to the stock’s price. In a research note published on Monday, October 31, Cowen downgraded their “outperform” rating on Carrier Global shares and dropped their price objective on the stock from $58.00 to $49.00. Both of these changes were made to the stock’s price. Wells Fargo & Company upgraded Carrier Global from an “equal weight” rating to an “overweight” rating and increased their price objective on the stock from $40.00 to $43.00 in a research note published on Thursday.
On Monday, the price of a share of CARR’s stock hit a new high for the past 52 weeks, reaching $43.13. Over the past year, the price of Carrier Global has fluctuated between $33.10 and $53.83, hitting an all-time low of $33.10 and an all-time high of $53.83. The company has a P/E ratio currently sitting at 10.42, a P/E/G ratio currently sitting at 2.05, and a beta currently sitting at 1.33. The market capitalization of the company is currently sitting at $36.07 billion at this time. Each debt-to-equity ratio, current ratio, and quick ratio all come in at 1.16, while the quick ratio comes in at 1.18. The stock currently has a simple moving average of 42.53 dollars over the past 50 days, and its simple moving average over the past 200 days is 39.88 dollars.
On Thursday, October 27, Carrier Global (NYSE: CARR) made its most recent quarterly results report available to the general public by publishing it and making it available online. The company came out with actual earnings of $0.70 per share, which is $0.05 more than analysts’ average estimate of $0.65 per share. The actual revenue for the quarter came in at $5.45 billion, which is higher than the consensus estimate of $5.44 billion for the amount of revenue that should be generated during the quarter. Carrier Global had a return on equity of 28.45 percent, while its net margin was 17.55 percent. The projections of market analysts indicate that each share of Carrier Global stock will generate a profit of $2.34 during the current fiscal year.
In addition, the corporation has announced a quarterly dividend, which will be paid out on February 10. This date is currently scheduled. Shareholders recognized as having ownership as of December 22 will be eligible to receive a $0.185 dividend payment per share. The dividend previously paid out by Carrier Global every quarter was $0.15; however, this amount has been increased to $0.30 per quarter. On December 21, a decision will be made regarding whether or not this dividend will be distributed to shareholders. This results in a yield of 1.72 percent as well as an annual dividend payment of 0.74 dollars. At this time, Carrier Global’s dividend payout ratio (also known as DPR) stands at 17.87%.
On Tuesday, November 29, an insider at Carrier Global named Jurgen Timperman sold 102,552 shares of the company’s stock. This is another development relating to this topic that took place. Each share was purchased during the sale at an average price of $43.57, which resulted in a total value of the transaction equal to $4,468,190.64. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. There are a total of 0.24% shares in circulation that company insiders hold.
The company’s stock was bought and sold by several institutional investors and hedge funds in the most recent transactions. Capital World Investors increased the proportion of Carrier Global stock owned by 25.2% during the first three months of 2018. Following the acquisition of 16,505,073 of the company’s shares during the most recent quarter, Capital World Investors now hold 82,087,040 in their portfolio. Because of these acquisitions, the value of the company’s stock has increased to $3,765,453,000. Capital Research Global Investors increased the amount of Carrier Global stock owned by 13.6% during the first three months of 2018. Capital Research Global Investors now has a total of 78,916,642 shares of the company’s stock after purchasing an additional 9,466,546 shares during the period in question. These shares have a current value of $3,619,921,000. During the first three months of 2018, Capital International Investors completed a 1.4% increase in Carrier Global stock held in its portfolio. Capital International Investors now has 54,335,108 shares of the company’s stock, valued at $2,492,759,000, after purchasing an additional 738,453 shares during the period in question. This brings the total number of shares owned by Capital International Investors to 54,335,108. During the third quarter, Nuveen Asset Management LLC increased its ownership stake in Carrier Global by 3.4% to reflect its most recent acquisitions. After making an additional purchase of 558,801 shares during the preceding quarter, Nuveen Asset Management LLC now holds 17,108,963 shares of the corporation’s stock in its portfolio. The shares of stock in the company that Nuveen Asset Management LLC owns collectively have a value of $608,395,000. During the second quarter, Fiera Capital Corporation accomplished an increase of 3.7% in its ownership stake in Carrier Global. Fiera Capital Corp. now directly owns 14,986,852 shares in the company, which have a value of $534,431,000 thanks to the purchase of 531,734 additional shares in the company during the most recent fiscal quarter. In total, the company has a market value of $534,431,000. At present, hedge funds and other institutional investors own 85.21% of the company’s shares.

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