Latest news with #CARR
Yahoo
23-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Carrier Global Corporation (CARR)?
We recently published a list of . In this article, we are going to take a look at where Carrier Global Corporation (NYSE:CARR) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 15, Mad Money's Jim Cramer discussed the surprising strength of industrial spin-offs, singling out Carrier Global Corporation (NYSE:CARR) as the most successful of the three companies formed from United Technologies. 'But of the three former United Technology components, it's Carrier Global that's the biggest winner. This was a surprise, right? Stock's up 3.95% since the breakup, gives you a total return of 42% including dividends. This heating, ventilation, and air conditioning business is now worth over $59 billion all by itself. Carrier's just doing a great job thanks to the stewardship of Dave Gitlin. It reported a fantastic quarter last month, and I see more strength ahead thanks to the data center boom and a terrific acquisition they made over in Europe.' His positive call was justified, with the stock rising 16.34% and validating its role in the data center boom. An engineer wearing a hardhat inspecting a newly-installed air conditioner system. Carrier Global Corporation (NYSE:CARR) is gaining traction thanks to surging demand for HVAC systems in data centers and climate-focused retrofits. Cramer remains a fan of the stock, especially as it reported a strong earnings report in Q1 2025. Here's what he said in May: 'See that behind me? Carrier, that was good. . . it had Carrier a second ago. Yeah, David Gitlin did a really good job, a lot of people were doubting. Forget that, it's the doubters are being silenced today.' Overall, CARR ranks 11th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CARR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CARR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
23-05-2025
- Business
- Globe and Mail
RBC Capital Sticks to Their Buy Rating for Carrier Global (CARR)
In a report released yesterday, Deane Dray from RBC Capital maintained a Buy rating on Carrier Global (CARR – Research Report), with a price target of $87.00. The company's shares closed yesterday at $75.83. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Dray is a 5-star analyst with an average return of 13.6% and a 64.29% success rate. Dray covers the Industrials sector, focusing on stocks such as Eaton, Trane Technologies, and Atkore International Group. Carrier Global has an analyst consensus of Strong Buy, with a price target consensus of $80.67, a 6.38% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $84.00 price target. Based on Carrier Global's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.22 billion and a net profit of $412 million. In comparison, last year the company earned a revenue of $6.18 billion and had a net profit of $269 million
Yahoo
22-05-2025
- Business
- Yahoo
Carrier Global price target raised to $85 from $82 at Goldman Sachs
Goldman Sachs raised the firm's price target on Carrier Global (CARR) to $85 from $82 and keeps a Buy rating on the shares following the company's Investor Day presentation. The firm notes that the management's medium-term outlook was in line with its expectations, implying $4 in EPS by 2027, while its focus on increasing parts and systems penetration was notable and should help spur margin accretive and more resilient growth, the analyst tells investors in a research note. Carrier's framework also implies healthy market share gains across regions/segments, though this could be a challenge given formidable HVAC OEM peers, the firm adds. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on CARR: Disclaimer & DisclosureReport an Issue Carrier Global price target raised to $83 from $73 at BofA Cautious Optimism: Evaluating Carrier Global's Ambitious Growth Targets Amid Market Skepticism Carrier Global: Hold Rating Amid Balanced Growth Projections and Market Challenges Unusually active option classes on open May 20th Carrier Global price target raised to $87 from $86 at RBC Capital Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
2 Cash-Producing Stocks on Our Watchlist and 1 to Avoid
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities. Luckily for you, we built StockStory to help you separate the good from the bad. That said, here are two cash-producing companies that excel at turning cash into shareholder value and one that may face some trouble. Trailing 12-Month Free Cash Flow Margin: 2.4% Founded by the inventor of air conditioning, Carrier Global (NYSE:CARR) manufactures heating, ventilation, air conditioning, and refrigeration products. Why Are We Cautious About CARR? Organic sales performance over the past two years indicates the company may need to make strategic adjustments or rely on M&A to catalyze faster growth Free cash flow margin dropped by 5.9 percentage points over the last five years, implying the company became more capital intensive as competition picked up Eroding returns on capital suggest its historical profit centers are aging At $72.12 per share, Carrier Global trades at 23.5x forward P/E. Read our free research report to see why you should think twice about including CARR in your portfolio, it's free. Trailing 12-Month Free Cash Flow Margin: 1.1% Founded in 1974, BrightSpring Health Services (NASDAQ:BTSG) offers home health care, hospice, neuro-rehabilitation, and pharmacy services. Why Is BTSG on Our Radar? Annual revenue growth of 20.9% over the last two years was superb and indicates its market share increased during this cycle Sales outlook for the upcoming 12 months implies the business will stay on its desirable two-year growth trajectory Earnings per share have grown at a respectable 6.9% annual rate over the last three years, a bit better than the industry average BrightSpring Health Services's stock price of $23.46 implies a valuation ratio of 37.2x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. Trailing 12-Month Free Cash Flow Margin: 13.2% With over 90 years of connecting the world's technologies, Amphenol (NYSE:APH) designs and manufactures connectors, cables, sensors, and interconnect systems that enable electrical and electronic connections across virtually every industry. Why Are We Bullish on APH? Annual revenue growth of 15.2% over the past two years was outstanding, reflecting market share gains this cycle Unparalleled revenue scale of $16.78 billion gives it an edge in distribution Earnings growth has trumped its peers over the last five years as its EPS has compounded at 19% annually Amphenol is trading at $85.60 per share, or 35.9x forward P/E. Is now the time to initiate a position? See for yourself in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
CARR Q1 Earnings Call: Management Prioritizes Product Innovation, Cost Controls, and Tariff Mitigation
Heating, ventilation, air conditioning, and refrigeration company Carrier Global (NYSE:CARR) met Wall Street's revenue expectations in Q1 CY2025, but sales fell by 3.7% year on year to $5.22 billion. The company's full-year revenue guidance of $23 billion at the midpoint came in 1.5% above analysts' estimates. Its non-GAAP profit of $0.65 per share was 10.9% above analysts' consensus estimates. Is now the time to buy CARR? Find out in our full research report (it's free). Revenue: $5.22 billion vs analyst estimates of $5.2 billion (3.7% year-on-year decline, in line) Adjusted EPS: $0.65 vs analyst estimates of $0.58 (10.9% beat) Adjusted EBITDA: $1.15 billion vs analyst estimates of $1.06 billion (22% margin, 7.7% beat) The company lifted its revenue guidance for the full year to $23 billion at the midpoint from $22.75 billion, a 1.1% increase Management raised its full-year Adjusted EPS guidance to $3.05 at the midpoint, a 1.7% increase Operating Margin: 12.1%, up from 7.1% in the same quarter last year Free Cash Flow was $420 million, up from -$64 million in the same quarter last year Organic Revenue rose 1.6% year on year, in line with the same quarter last year Market Capitalization: $64 billion Carrier Global's first quarter results reflected a combination of steady demand in core markets and management's focus on pricing actions, product mix benefits, and operational discipline. CEO David Gitlin emphasized the momentum in the Climate Solutions Americas segment, particularly in residential and commercial HVAC, along with notable progress in digital solutions and data center cooling. The quarter also saw continued growth in aftermarket services and new product introductions, offsetting softness in certain regional segments such as Asia and light commercial. Looking ahead, management raised revenue and adjusted earnings guidance for the year, citing effective tariff mitigation, increased productivity, and strong order backlogs. Gitlin stated that tariff-related headwinds would be offset by a mix of supply chain actions and pricing, while strategic investments in heat pump technology and partnerships, such as with Google for grid resilience, are expected to support growth. CFO Patrick Goris highlighted that cost containment and operating margin expansion remain key levers for achieving higher profit targets in a dynamic macro environment. Carrier's leadership attributed the quarter's results to product differentiation, aftermarket expansion, and successful execution of tariff mitigation strategies. Strategic partnerships and targeted investments in technology underpin the company's focus on margin growth and resilience against external pressures. Residential and Commercial Strength: Climate Solutions Americas saw about 20% sales growth in both residential and commercial HVAC, supported by regulatory mix benefits and new product launches, especially those leveraging low-global-warming-potential refrigerants like 454B. Aftermarket Momentum: The company's global aftermarket business grew at a double-digit pace, with attachment rates for service agreements on commercial chillers surpassing 60%, reflecting success in upselling value-added services. Tariff Mitigation Actions: Management reported that nearly all tariff exposure was neutralized through supply chain adjustments and productivity, with the remaining cost offset by pricing increases, particularly in the Americas segment. European Heat Pump Demand: Orders for heat pumps in Germany reached their highest first-quarter level in five years, driven by government subsidies and policy support for electrification, helping offset declines in legacy boiler sales. Strategic Partnerships and Digital Solutions: Carrier introduced a partnership with Google to integrate its home energy management systems with Google's AI and cloud analytics, aiming to improve grid efficiency and provide smarter energy solutions for customers. Carrier management expects mid-single-digit organic sales growth and continued margin improvement in the year ahead, driven by ongoing investments in differentiated products, digital solutions, and disciplined cost management. Product and Technology Investments: Expansion in data center cooling and launch of new heat pump products are expected to drive market share gains, particularly in Europe and the Americas. Tariff and Cost Management: The company's ability to offset tariff costs through supply chain actions and price increases is critical for maintaining operating margins, but continued volatility in input costs and trade policy remains a risk. Aftermarket and Service Expansion: Growth in aftermarket services, including higher attachment rates for service agreements and digital monitoring solutions, is intended to provide a recurring revenue stream and support overall profitability. Nigel Coe (Wolfe Research): Asked about the drivers and sustainability of mid-single-digit growth across segments; management pointed to strong Americas performance and tariff-related pricing, but flagged ongoing softness in light commercial and Asia. Julian Mitchell (Barclays): Queried margin progression in the Americas; CFO Patrick Goris explained seasonal improvements in Q2 and Q3, with second-half headwinds from tariffs and lower residential volumes. Andy Kaplowitz (Citigroup): Sought details on Viessmann's outlook and European margin recovery; management expects flat volumes but better product mix due to heat pump adoption, and sees margins rising to low-to-mid teens in coming years. Joe Ritchie (Goldman Sachs): Inquired about distributor inventory levels and the impact of refrigerant transition; CEO Gitlin noted elevated inventories and emphasized careful channel management to avoid second-half risk. Tommy Moll (Stephens): Requested specifics on the Google partnership and its monetization potential; management described early-stage projects focused on grid demand response and digital integration, with commercial details to be developed. In upcoming quarters, the StockStory team will watch (1) the progression of heat pump adoption and related European policy updates, (2) execution on data center cooling and digital product rollouts, and (3) the effectiveness of tariff mitigation and pricing strategies as trade dynamics evolve. Monitoring order backlog conversion and the impact of strategic partnerships, such as the Google collaboration, will also be essential for assessing Carrier's path to sustained growth. Carrier Global currently trades at a forward P/E ratio of 23.9×. Should you load up, cash out, or stay put? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
