Does This Red Hot Stock Have Room To Run?

It's been an excellent year for Carrier Global Corporation (NYSE: CARR), with the stock up nearly 50% on a year-to-date basis. Despite significant raw material cost increases and supply chain pressures, Carrier is emerging as one of those companies with the ability to offset them through pricing actions. That said, is the stock a good value? Let's take a closer look at the puts and takes.

As ever, it's a good idea to track management's guidance through the year to track the changes in management's full-year guidance as the year progressed. The table below shows a familiar pattern in 2021. In line with what many other industrial companies experienced, it was clear that growth would be a lot stronger than expected at the start of the year by the second quarter.

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Source Fool.com