Fintel reports that on September 14, 2023, Mizuho downgraded their outlook for Carrier Global (NYSE:CARR) from Buy to Neutral.
Analyst Price Forecast Suggests 11.23% Upside
As of August 31, 2023, the average one-year price target for Carrier Global is 61.45. The forecasts range from a low of 47.47 to a high of $70.35. The average price target represents an increase of 11.23% from its latest reported closing price of 55.24.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Carrier Global is 22,109MM, an increase of 1.32%. The projected annual non-GAAP EPS is 2.58.
What is the Fund Sentiment?
There are 1973 funds or institutions reporting positions in Carrier Global. This is a decrease of 24 owner(s) or 1.20% in the last quarter. Average portfolio weight of all funds dedicated to CARR is 0.24%, a decrease of 0.74%. Total shares owned by institutions increased in the last three months by 6.23% to 986,782K shares. The put/call ratio of CARR is 1.63, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 83,180K shares representing 9.93% ownership of the company. In it’s prior filing, the firm reported owning 77,076K shares, representing an increase of 7.34%. The firm increased its portfolio allocation in CARR by 10.10% over the last quarter.
Capital World Investors holds 80,757K shares representing 9.64% ownership of the company. In it’s prior filing, the firm reported owning 72,760K shares, representing an increase of 9.90%. The firm increased its portfolio allocation in CARR by 12.22% over the last quarter.
Capital International Investors holds 78,136K shares representing 9.33% ownership of the company. In it’s prior filing, the firm reported owning 56,607K shares, representing an increase of 27.55%. The firm increased its portfolio allocation in CARR by 40.67% over the last quarter.
AGTHX – GROWTH FUND OF AMERICA holds 48,605K shares representing 5.80% ownership of the company. In it’s prior filing, the firm reported owning 48,131K shares, representing an increase of 0.98%. The firm decreased its portfolio allocation in CARR by 12.92% over the last quarter.
AIVSX – INVESTMENT CO OF AMERICA holds 30,477K shares representing 3.64% ownership of the company. In it’s prior filing, the firm reported owning 28,875K shares, representing an increase of 5.26%. The firm increased its portfolio allocation in CARR by 6.60% over the last quarter.
Carrier Global Background Information
(This description is provided by the company.)
Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. Carrier is a part of Carrier Global Corporation, the leading global provider of healthy, safe and sustainable building and cold chain solutions.
This article originally appeared on Fintel
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