Now trading at a price of $44.2, Carrier Global has moved -2.7% so far today on a volume of 1,957,836, compared to its average of 3,776,073. In contrast, the S&P 500 index moved -0.8%.
Carrier Global shares moved -6.9% over the last 52 weeks, with a high of $50.29 and a low of $33.1. During this time, the stock outperformed the S&P 500 index by 5.1%. As of January 2022, the company's 50-day average price is $43.0. Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. The large-cap Industrials company has 58,000 full time employees and is based in Palm Beach Gardens, FL. Carrier Global has returned a 1.3% dividend yield over the last 12 months.
Snapshot of the Company's Consistent Operating Margins with a Stable Trend:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | |
|---|---|---|---|
| Revenue (MM) | $18,608 | $17,456 | $20,613 |
| Revenue Growth | n/a | -6.19% | 18.09% |
| Gross Margins | 29.1% | 29.3% | 29.0% |
| Gross Margins Growth | n/a | 0.69% | -1.02% |
| Operating Margins | 12.1% | 10.7% | 11.4% |
| Operating Margins Growth | n/a | -11.57% | 6.54% |
| Earnings Per Share | $2.03 | $2.25 | $1.87 |
| EPS Growth | n/a | 10.84% | -16.89% |
| Free Cash Flow (MM) | $1,759 | $1,380 | $1,893 |
| FCF Growth | n/a | -21.55% | 37.17% |
| Capital Expenditures (MM) | -$243 | -$312 | -$344 |
| Net Debt / EBITDA | -0.3 | 2.98 | 2.19 |
Carrier Global Is Reasonably Priced:
Compared to the Industrials sector's average of 21.46, Carrier Global has a trailing twelve month P/E ratio of 10.7 and, according to its EPS guidance of 2.53, an expected P/E ratio of 17.5. Carrier Global's PEG ratio is 1.1 based on its 9.67% average growth rate of historical and projected earnings per share. This implies that the company's shares are fairly valued.
Carrier Global's P/B ratio is 5.2 compared to its sector average of 3.7. The company is likely overvalued in terms of its equity. The company's shares are currently trading 122.6% above their fair value as expressed by Benjamin Graham's formula:
√(22.5 * 3-year average EPS * book value per share) = √(22.5 * 2.05 * 8.553) = $19.86
Carrier Global Is the Subject of Mixed Market Indicators:
19 analysts are following Carrier Global and have set target prices ranging from $40 to $55 per share. On average, they have given the company a rating of buy. At the current price of $44.2, CARR is trading -5.75% away from its average analyst target price of $46.9 per share, implying an analyst consensus of some upside potential for the stock.
The company has a very low short interest since 1.3% of the company's shares are tied to short positions. Institutions own 87.9% of Carrier Global's shares, while the insider ownership rate stands at 0.09%. The biggest shareholder is the Vanguard Group, Inc. with a 11% stake in the company worth approximately $4,100,252,803.
