Carrier Global (CARR) is a Top-Ranked Value Stock: Should You Buy?
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Carrier Global (CARR)
Palm Beach Gardens, FL-based Carrier Global is a provider of advanced heating, ventilation, refrigeration, air conditioning, fire, security and building automation technologies. The company completed its Initial Public Offering (“IPO”) in April 2020.
CARR sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Electronics - Miscellaneous Products industry's P/E of 15.5X, shares of Carrier Global are trading at a forward P/E of 15.8X. CARR also has a PEG Ratio of 1.9, a Price/Cash Flow ratio of 13.4X, and a Price/Sales ratio of 1.5X.
Many value investors pay close attention to a company's earnings as well. For CARR, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $2.29 per share for 2022. Per share CARR boasts an average earnings surprise of 13.1%.
CARR should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Carrier Global Corporation (CARR) : Free Stock Analysis Report
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