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 Co. (NYSE: CARR) had its price target raised by analysts at Oppenheimer Holdings Inc. from $63.00 to $64.00. They now have an "outperform" rating on the stock.MarketBeat
- Carrier Global Co. (NYSE: CARR) had its price target raised by analysts at Wells Fargo & Company from $59.00 to $66.00. They now have an "equal weight" rating on the stock.MarketBeat
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Carrier Global Co. (NYSE: CARR) had its price target raised by analysts at Barclays PLC from $78.00 to $79.00. They now have an "overweight" rating on the stock.MarketBeat
- Carrier Global Corporation (NYSE:CARR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CARR
Earnings
- 4/25/24 - Beat
CARR
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/19/24 - Form 8-K/A
- CARR's page on the SEC website