Prepared by Dr. Michael Brown, FRM, Head of Quantitative Research | Reviewed by Sofia Chen, Lead Editor | Report ID: IGEMINI-E734619B-20260531 | Data as of 2026-05-31
Executive Summary: Our multi-factor model assigns carr futures a Cautiously Constructive outlook for the next quarter. Key drivers include a P/E of 17.4x, 16% revenue expansion, and an RSI of 71 suggesting a neutral-bullish phase. We define critical support at $1710 and resistance at $2090.
Rating: Buy | Target Price: $2660 | Next Earnings: Jul 10
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MACD printed a Bullish Crossover as the 50-day SMA turned positive 20 days ago.
Price action carved a Double Bottom, confirmed by a 0.67x volume spike on May 26, 2026. The support at $2090 was tested.
RSI at 71 indicates a oversold state. Historical backtests suggest a +7.8% move within 10 sessions.
Free cash flow conversion remains robust at 90%, supporting the 1.79% dividend and buybacks.
Relative to Utilities peers, carr futures sits at the 91th percentile in valuation, offering a potential value opportunity.
Dark pool prints show a 12%% surge in block trades, indicating institutional accumulation before Jul 10 earnings.
Beta of 0.98 suggests carr futures is {beta_desc} volatile than the market, influencing hedging strategies.
| Metric | Value | Sector Avg |
|---|---|---|
| Last Price | $1900 | $1805 |
| Market Cap | $2.44B | $2.44B |
| P/E Ratio | 17.4x | 14.8x |
| EPS (TTM) | $109.2 | $98.28 |
| Dividend Yield | 1.79% | 1.3% |
| Revenue Growth | 16% | 9.6% |
| Target Price | $2660 | - |
| Beta | 0.98 | 1.00 |