What Our Analysts Know About Carrier Global

Large-cap Industrials company Carrier Global has moved -2.3% so far today on a volume of 2,375,327, compared to its average of 5,016,624. In contrast, the S&P 500 index moved 1.0%.

Carrier Global trades -10.6% away from its average analyst target price of $60.38 per share. The 16 analysts following the stock have set target prices ranging from $51.0 to $67.0, and on average have given Carrier Global a rating of buy.

Anyone interested in buying CARR should be aware of the facts below:

  • Carrier Global's current price is 83.5% above its Graham number of $29.41, which implies that at its current valuation it does not offer a margin of safety

  • Carrier Global has moved 35.0% over the last year, and the S&P 500 logged a change of 17.0%

  • Based on its trailing earnings per share of 2.42, Carrier Global has a trailing 12 month Price to Earnings (P/E) ratio of 22.3 while the S&P 500 average is 15.97

  • CARR has a forward P/E ratio of 18.9 based on its forward 12 month price to earnings (EPS) of $2.86 per share

  • The company has a price to earnings growth (PEG) ratio of 2.31 — a number near or below 1 signifying that Carrier Global is fairly valued compared to its estimated growth potential

  • Its Price to Book (P/B) ratio is 5.67 compared to its sector average of 3.78

  • Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide.

  • Based in Palm Beach Gardens, the company has 52,000 full time employees and a market cap of $45.22 Billion. Carrier Global currently returns an annual dividend yield of 1.3%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.