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 Global (CARR): Buy, Sell, or Hold Post Q3 Earnings? [Yahoo! Finance]Yahoo! Finance
- Refrigeration Coolers Market to Hit USD 6.26 Billion by 2032, Driven by Growing Demand in Food, Beverage, Pharmaceuticals, and Retail Sectors | SNS Insider [Yahoo! Finance]Yahoo! Finance
- Carrier Named to Inaugural Forbes Most Trusted Companies in America ListPR Newswire
- Carrier Global Co. (NYSE: CARR) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "buy" rating and a $96.00 price target on the stock.MarketBeat
- [Latest] Global Commercial HVAC Market Size/Share Worth USD 78,450.1 Million by 2033 at a 2.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
CARR
Earnings
- 10/24/24 - Miss
CARR
Sec Filings
- 12/20/24 - Form 8-K
- 12/3/24 - Form 8-K
- 12/2/24 - Form 8-K
- CARR's page on the SEC website