Carrier Global Corporation’s Stock Price Drops to $57.86, Witnessing a 3.28% Decline

Carrier Global Corporation (CARR)

57.86 USD -1.96 (-3.28%) Volume: 4.9M

Carrier Global Corporation’s stock price is currently standing at 57.86 USD, experiencing a dip of -3.28% in this trading session with a trading volume of 4.9M. Despite the slight decrease, the stock maintains a positive year-to-date (YTD) change of +0.71%, showcasing resilience in its market performance.

Latest developments on Carrier Global Corporation

Carrier Global Corp. has recently been in the spotlight due to remarkable stock price movements. The introduction of R-454B-compatible heat pumps and the expansion of FedEx Freight under the ‘Tricolor’ strategy have emphasized the company’s global reach. Despite underperforming on some days, the company’s stock has shown signs of improved technical strength, as indicated by an IBD rating upgrade. Notably, shares of Carrier Global have been bought by several investment firms, including Bruce G. Allen Investments, Dfpg Investments, and Nordea Investment Management, further bolstering the company’s position in the Industrials Sector.

Carrier Global Corporation on Smartkarma

Carrier Global Corp., a leading provider of heating, ventilation, and air conditioning (HVAC) systems, has seen a surge in analyst coverage on Smartkarma. According to a recent report by Baptista Research, the company’s strong Q4 2023 performance has caught the attention of investors. With a 33% growth in adjusted earnings per share and over $800 million in free cash flow, Carrier Global Corp. has exceeded expectations and solidified its position as a top player in the HVAC market. The report also highlights the company’s resilient aftermarket growth and margin expansion as key drivers of its success.

A look at Carrier Global Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Carrier Global Corporation, a leading manufacturer of HVAC equipment, has received solid scores on the Smartkarma Smart Scores. With a Value score of 2 and a Growth score of 3, the company is positioned to provide reliable and cost-effective solutions for its customers. Additionally, its high Dividend score of 4 indicates potential for strong returns for investors.

Furthermore, Carrier Global has received a Resilience score of 3 and a Momentum score of 4, suggesting that it is well-equipped to weather market fluctuations and maintain a steady pace of growth. With a strong global presence, the company is poised to continue serving customers around the world with its top-notch heating, air-conditioning, and refrigeration solutions.

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