Carrier Global Is Called 'Once-in-a-Generation Opportunity' by J.P. Morgan [TheStreet.com]
Carrier Global Corporation (CARR)
Company Research
Source: TheStreet.com
Shares of Carrier Global (CARR) rose in a down market Monday as J.P. Morgan analyst Stephen Tusa initiated coverage on the major climate systems maker’s stock with a buy rating.Carrier was spun off from United Technologies last month, ahead of United Tech's April merger with RaytheonRTNGet Report"The stock is cheap at 10 times trough EPS, the only one in the sector at that level, with a discount (65%) versus directly comparable peers rarely seen, the basis for our view that the stock could double over the next 12 months,” Tusa wrote."In the end, management has some wood to chop, but we see this type of valuation for this type of franchise as a once-in-a-generation opportunity."Carrier has a trailing price-earnings ratio of 6.77 and a forward P-E of 9.81, according to Morningstar.As for its competitors, Trane Technologies (TT), formerly Ingersoll Rand, has a trailing P-E ratio of 16.03 and a forward P-E of 20.88, and Lennox International LII has a trailing P-E ratio of 17.71 and a forw
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CARR
News
- Carrier Honored with World Environment Center's 2024 Gold Medal Award for Corporate Sustainability [Yahoo! Finance]Yahoo! Finance
- Carrier Honored with World Environment Center's 2024 Gold Medal Award for Corporate SustainabilityPR Newswire
- Carrier Global Co. (NYSE: CARR) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating. They now have a $94.00 price target on the stock.MarketBeat
- Commercial HVAC Market Trends, Competitive Analysis, and Business Opportunities (2024-2028) by Application, Type, and Region [Yahoo! Finance]Yahoo! Finance
- Onity Group Inc. (ONIT) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
CARR
Earnings
- 10/24/24 - Miss
CARR
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form SC
- 11/8/24 - Form SC
- CARR's page on the SEC website