Stock of the Day

Carrier Global (CARR)

$71.29

-$0.11 (-0.1%)

Market Cap: $61.12B

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally.

It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, heat pumps, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. This segment also offers fire and security service, such as audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. It offers its products under the Autronica, Det-Tronics, Edwards, Aritech, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. Carrier Global Corporation was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Carrier Global Bull Case

Here are some ways that investors could benefit from investing in Carrier Global Co.:

• The current stock price is around $71, which may present a buying opportunity for investors looking for value in the HVAC and building automation sector.
• Carrier Global Co. recently reported earnings per share of $0.65, exceeding analysts' expectations, indicating strong financial performance and potential for growth.
• The company has a solid return on equity of 18.82%, suggesting effective management and profitability, which can be attractive to investors seeking reliable returns.
• With a net margin of 23.83%, Carrier Global Co. demonstrates strong profitability, which can lead to higher dividends and reinvestment opportunities.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with several upgrades in price targets, indicating positive sentiment and potential for price appreciation.

Carrier Global Bear Case

Investors should be bearish about investing in Carrier Global Co. for these reasons:

• The company's quarterly revenue was down about 3.7% compared to the same quarter last year, which may raise concerns about growth sustainability.
• Despite a solid earnings report, the stock has experienced fluctuations, with a recent decline of about 0.4%, indicating potential volatility in the market.
• Carrier Global Co. has a debt-to-equity ratio of 0.77, which, while manageable, suggests that the company is somewhat reliant on debt financing, potentially increasing financial risk.
• The annualized dividend yield is approximately 1.28%, which may be considered low for income-focused investors seeking higher returns from dividends.
• Market analysts have mixed opinions, with some maintaining hold ratings, which could indicate uncertainty about the company's future performance.

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