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NYSE:OTIS

Otis Worldwide (OTIS) Stock Price, News & Analysis

$91.43
-6.95 (-7.06%)
(As of 07/24/2024 ET)
Today's Range
$90.21
$93.60
50-Day Range
$91.43
$100.78
52-Week Range
$73.32
$100.84
Volume
5.83 million shs
Average Volume
2.09 million shs
Market Capitalization
$36.97 billion
P/E Ratio
26.42
Dividend Yield
1.71%
Price Target
$99.67

Otis Worldwide MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
9.0% Upside
$99.67 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.59mentions of Otis Worldwide in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$2.84 M Sold Last Quarter
Proj. Earnings Growth
10.57%
From $3.88 to $4.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.76 out of 5 stars

Construction Sector

41st out of 98 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

3rd out of 3 stocks

OTIS stock logo

About Otis Worldwide Stock (NYSE:OTIS)

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

OTIS Stock Price History

OTIS Stock News Headlines

Otis CEO sees potential in China amid property downturn
Otis Worldwide (NYSE:OTIS) Releases FY24 Earnings Guidance
Former Hedge Fund Manager Issues Crash Prediction
Our No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.
OTIS REPORTS SECOND QUARTER 2024 RESULTS
What To Expect From Otis's (OTIS) Q2 Earnings
Otis Worldwide is about to announce its earnings — here's what to expect
Otis Worldwide (OTIS) Set to Announce Quarterly Earnings on Wednesday
Former Hedge Fund Manager Issues Crash Prediction
Our No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.
Corporations: Elevating Influence
Otis Worldwide Appoints Cristina Mendez As CFO
Otis Second Quarter 2024 Earnings Advisory
3 Must-Own Stocks from Jeremy Grantham's New ETF
Otis Publishes 2023 ESG Report
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 6/7 Dividend
5/16/2024
Dividend Payable
6/07/2024
Today
7/24/2024
Next Earnings (Confirmed)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
N/A
Fax
N/A
Employees
71,000
Year Founded
1853

Price Target and Rating

Average Stock Price Target
$99.67
High Stock Price Target
$108.00
Low Stock Price Target
$90.00
Potential Upside/Downside
+9.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
14.34%

Debt

Sales & Book Value

Annual Sales
$14.30 billion
Cash Flow
$3.77 per share
Book Value
($11.97) per share

Miscellaneous

Free Float
403,393,000
Market Cap
$36.97 billion
Optionable
Optionable
Beta
1.03

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Should I Buy Otis Worldwide Stock? OTIS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Otis Worldwide Co.:

  • Strong Financial Performance: Otis Worldwide Co. reported a solid EPS of $0.88 for the last quarter, surpassing the consensus estimate by $0.01. This indicates a healthy financial position and potential for growth.
  • Dividend Increase: The company recently raised its quarterly dividend from $0.34 to $0.39, showcasing confidence in its financial stability and commitment to rewarding shareholders.
  • Positive Analyst Ratings: With six analysts giving a hold rating and two issuing a buy rating, there is a favorable sentiment towards the stock, indicating potential for future growth.
  • Stable Market Capitalization: Otis Worldwide Co. has a market capitalization of $38.92 billion, reflecting its established presence in the market and stability as an investment option.
  • Consistent Stock Performance: The stock has shown resilience with a 52-week low of $73.32 and a high of $100.84, demonstrating stability and potential for long-term gains.

Cons

Investors should be bearish about investing in Otis Worldwide Co. for these reasons:

  • Insider Selling: Recent insider activity includes the sale of 30,364 shares by an executive vice president, which may raise concerns about internal confidence in the company's future performance.
  • High PE Ratio: With a PE ratio of 27.82, the stock may be considered overvalued by some investors, potentially limiting short-term upside potential.
  • Negative Return on Equity: Otis Worldwide Co. reported a negative return on equity of 31.02%, indicating inefficiency in generating returns for shareholders' equity.
  • Lower-than-Expected Revenue: While the company met revenue estimates in the last quarter, any future revenue misses could impact investor sentiment and stock performance.
  • Market Volatility: The stock has a beta of 1.04, suggesting it is slightly more volatile than the market average, which could lead to increased risk for investors during market fluctuations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Otis Worldwide pros and cons to contact@marketbeat.com.

OTIS Stock Analysis - Frequently Asked Questions

How have OTIS shares performed this year?

Otis Worldwide's stock was trading at $89.47 at the beginning of the year. Since then, OTIS stock has increased by 2.2% and is now trading at $91.43.
View the best growth stocks for 2024 here
.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) posted its quarterly earnings data on Wednesday, January, 31st. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 31.02% and a net margin of 9.99%.
Read the conference call transcript
.

Who are Otis Worldwide's major shareholders?

Top institutional investors of Otis Worldwide include PineStone Asset Management Inc. (1.10%), Sarasin & Partners LLP (1.02%), Guinness Asset Management LTD (0.44%) and Sumitomo Mitsui Trust Holdings Inc. (0.23%). Insiders that own company stock include Judith Fran Marks, Montlivault Stephane De, Fernandez Bernardo Calleja, Peiming Zheng, Rahul Ghai, Nora E Lafreniere, James F Cramer and Michael Patrick Ryan.
View institutional ownership trends
.

How do I buy shares of Otis Worldwide?

Shares of OTIS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OTIS) was last updated on 7/24/2024 by MarketBeat.com Staff

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