Fintel reports that on May 28, 2024, Mizuho initiated coverage of Fortrea Holdings (NasdaqGS:FTRE) with a Neutral recommendation.
Analyst Price Forecast Suggests 38.73% Upside
As of May 22, 2024, the average one-year price target for Fortrea Holdings is 35.44. The forecasts range from a low of 27.27 to a high of $44.10. The average price target represents an increase of 38.73% from its latest reported closing price of 25.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Fortrea Holdings is 3,238MM, an increase of 5.23%. The projected annual non-GAAP EPS is 1.39.
What is the Fund Sentiment?
There are 779 funds or institutions reporting positions in Fortrea Holdings. This is an decrease of 25 owner(s) or 3.11% in the last quarter. Average portfolio weight of all funds dedicated to FTRE is 0.18%, an increase of 14.33%. Total shares owned by institutions increased in the last three months by 0.85% to 117,783K shares. 
The put/call ratio of FTRE is 0.84, indicating a bullish outlook.
What are Other Shareholders Doing?
Royal London Asset Management holds 16,500K shares representing 18.46% ownership of the company. In its prior filing, the firm reported owning 48K shares , representing an increase of 99.71%. The firm increased its portfolio allocation in FTRE by 36,257.21% over the last quarter.
Sessa Capital IM holds 6,375K shares representing 7.13% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 5,906K shares representing 6.61% ownership of the company. No change in the last quarter.
Starboard Value holds 5,302K shares representing 5.93% ownership of the company. In its prior filing, the firm reported owning 7,595K shares , representing a decrease of 43.25%. The firm decreased its portfolio allocation in FTRE by 20.24% over the last quarter.
Boston Partners holds 3,939K shares representing 4.41% ownership of the company. In its prior filing, the firm reported owning 3,817K shares , representing an increase of 3.08%. The firm decreased its portfolio allocation in FTRE by 57.54% over the last quarter.
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