Carrier Globalcorp Stock Today

CARR Stock  USD 54.77  0.37  0.67%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 9

 
High
 
Low
Low
Carrier GlobalCorp is selling at 54.77 as of the 24th of April 2024; that is -0.67 percent decrease since the beginning of the trading day. The stock's lowest day price was 54.27. Carrier GlobalCorp has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Carrier GlobalCorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of July 2022 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
3rd of April 2020
Category
Industrials
Carrier Global Corporation provides heating, ventilating, and air conditioning , refrigeration, fire, security, and building automation technologies worldwide. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida. Carrier Global operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. The company has 900.1 M outstanding shares of which 14.13 M shares are currently shorted by private and institutional investors with about 2.37 trading days to cover. More on Carrier GlobalCorp

Moving together with Carrier Stock

  0.62FBIN Fortune Brands Innov Earnings Call This WeekPairCorr

Moving against Carrier Stock

  0.51AEHL Antelope Enterprise Report 7th of May 2024 PairCorr

Carrier Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Carrier GlobalCorp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Carrier GlobalCorp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanDavid Gitlin
Business ConcentrationBuilding Products, Building Products & Equipment, Industrials, NYSE Composite, SP 500 Index, Industrials, Building Products, Building Products & Equipment, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Carrier GlobalCorp report their recommendations after researching Carrier GlobalCorp's financial statements, talking to executives and customers, or listening in on Carrier GlobalCorp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Carrier GlobalCorp. The Carrier consensus assessment is calculated by taking the average forecast from all of the analysts covering Carrier GlobalCorp.
Carrier GlobalCorp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Carrier GlobalCorp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Carrier GlobalCorp's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Carrier GlobalCorp's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Carrier GlobalCorp's financial leverage. It provides some insight into what part of Carrier GlobalCorp's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Carrier GlobalCorp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Carrier GlobalCorp deploys its capital and how much of that capital is borrowed.
Liquidity
Carrier GlobalCorp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 14.68 B in liabilities with Debt to Equity (D/E) ratio of 1.26, which is about average as compared to similar companies. Carrier GlobalCorp has a current ratio of 1.59, which is within standard range for the sector. Debt can assist Carrier GlobalCorp until it has trouble settling it off, either with new capital or with free cash flow. So, Carrier GlobalCorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Carrier GlobalCorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Carrier to invest in growth at high rates of return. When we think about Carrier GlobalCorp's use of debt, we should always consider it together with cash and equity.

Begin Period Cash Flow

2.23 Billion
Carrier GlobalCorp (CARR) is traded on New York Stock Exchange in USA. It is located in 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 and employs 53,000 people. Carrier GlobalCorp is listed under Building Products category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 49.63 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Carrier GlobalCorp's market, we take the total number of its shares issued and multiply it by Carrier GlobalCorp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Carrier GlobalCorp conducts business under Building Products sector and is part of Industrials industry. The entity has 900.1 M outstanding shares of which 14.13 M shares are currently shorted by private and institutional investors with about 2.37 trading days to cover. Carrier GlobalCorp currently holds about 2.98 B in cash with 2.61 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.57.
Check Carrier GlobalCorp Probability Of Bankruptcy
Ownership Allocation
Carrier GlobalCorp retains a total of 900.1 Million outstanding shares. The majority of Carrier GlobalCorp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Carrier GlobalCorp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Carrier GlobalCorp. Please pay attention to any change in the institutional holdings of Carrier GlobalCorp as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Carrier Ownership Details

Carrier Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Carrier GlobalCorp jumping above the current price in 90 days from now is about 80.86%. The Carrier GlobalCorp probability density function shows the probability of Carrier GlobalCorp stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6857 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Carrier GlobalCorp will likely underperform. Additionally, carrier GlobalCorp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 54.77HorizonTargetOdds Above 54.77
18.88%90 days
 54.77 
80.86%
Based on a normal probability distribution, the odds of Carrier GlobalCorp to move above the current price in 90 days from now is about 80.86 (This Carrier GlobalCorp probability density function shows the probability of Carrier Stock to fall within a particular range of prices over 90 days) .

Carrier Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Carrier GlobalCorp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Carrier GlobalCorp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Carrier GlobalCorp's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-12-31
9.6 M
Fiera Capital Corporation2023-12-31
9.2 M
Northern Trust Corp2023-12-31
8.3 M
Goldman Sachs Group Inc2023-12-31
8.3 M
Norges Bank2023-12-31
7.7 M
Fmr Inc2023-12-31
7.1 M
Legal & General Group Plc2023-12-31
6.8 M
Bank Of New York Mellon Corp2023-12-31
6.2 M
Jpmorgan Chase & Co2023-12-31
6.1 M
Vanguard Group Inc2023-12-31
93.8 M
Capital Research Global Investors2023-12-31
92.8 M
View Carrier GlobalCorp Diagnostics

Carrier GlobalCorp Historical Income Statement

Carrier GlobalCorp Income Statement is one of the three primary financial statements used for reporting Carrier's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Carrier GlobalCorp revenue and expense. Carrier GlobalCorp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Carrier GlobalCorp's Tax Provision is relatively stable compared to the past year. As of 04/24/2024, Interest Expense is likely to grow to about 237 M, while Interest Income is likely to drop slightly above 61.9 M. View More Fundamentals

Carrier Stock Against Markets

Picking the right benchmark for Carrier GlobalCorp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Carrier GlobalCorp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Carrier GlobalCorp is critical whether you are bullish or bearish towards Carrier GlobalCorp at a given time. Please also check how Carrier GlobalCorp's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Carrier GlobalCorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Competition Analyzer Now

   

Competition Analyzer

Analyze and compare many basic indicators for a group of related or unrelated entities
All  Next Launch Module

Carrier GlobalCorp Corporate Management

Elected by the shareholders, the Carrier GlobalCorp's board of directors comprises two types of representatives: Carrier GlobalCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carrier. The board's role is to monitor Carrier GlobalCorp's management team and ensure that shareholders' interests are well served. Carrier GlobalCorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Carrier GlobalCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Timothy WhitePresident - RefrigerationProfile
Michael TodmanIndependent DirectorProfile
Virginia WilsonIndependent DirectorProfile
Milena OliveiraSenior OfficerProfile
JeanPierre GarnierLead Independent DirectorProfile

How to buy Carrier Stock?

Before investing in Carrier GlobalCorp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Carrier GlobalCorp. To buy Carrier GlobalCorp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Carrier GlobalCorp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Carrier GlobalCorp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Carrier GlobalCorp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Carrier GlobalCorp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Carrier GlobalCorp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Carrier Stock please use our How to Invest in Carrier GlobalCorp guide.

Already Invested in Carrier GlobalCorp?

The danger of trading Carrier GlobalCorp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Carrier GlobalCorp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Carrier GlobalCorp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Carrier GlobalCorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Carrier GlobalCorp is a strong investment it is important to analyze Carrier GlobalCorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carrier GlobalCorp's future performance. For an informed investment choice regarding Carrier Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for Carrier Stock analysis

When running Carrier GlobalCorp's price analysis, check to measure Carrier GlobalCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carrier GlobalCorp is operating at the current time. Most of Carrier GlobalCorp's value examination focuses on studying past and present price action to predict the probability of Carrier GlobalCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier GlobalCorp's price. Additionally, you may evaluate how the addition of Carrier GlobalCorp to your portfolios can decrease your overall portfolio volatility.
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Global Correlations
Find global opportunities by holding instruments from different markets
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Is Carrier GlobalCorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carrier GlobalCorp. If investors know Carrier will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carrier GlobalCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.582
Dividend Share
0.745
Earnings Share
1.58
Revenue Per Share
26.392
Quarterly Revenue Growth
(0)
The market value of Carrier GlobalCorp is measured differently than its book value, which is the value of Carrier that is recorded on the company's balance sheet. Investors also form their own opinion of Carrier GlobalCorp's value that differs from its market value or its book value, called intrinsic value, which is Carrier GlobalCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carrier GlobalCorp's market value can be influenced by many factors that don't directly affect Carrier GlobalCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carrier GlobalCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carrier GlobalCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrier GlobalCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.