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NYSE:OTIS

Otis Worldwide (OTIS) Stock Forecast, Price & News

$80.82
-0.11 (-0.14%)
(As of 09/22/2023 ET)
Compare
Today's Range
$80.71
$81.53
50-Day Range
$80.91
$90.96
52-Week Range
$62.49
$91.33
Volume
1.32 million shs
Average Volume
1.84 million shs
Market Capitalization
$33.28 billion
P/E Ratio
25.50
Dividend Yield
1.68%
Price Target
$87.86

Otis Worldwide MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
8.2% Upside
$87.86 Price Target
Short Interest
Healthy
1.01% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.36mentions of Otis Worldwide in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$938,740 Sold Last Quarter
Proj. Earnings Growth
10.09%
From $3.47 to $3.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Construction Sector

72nd out of 93 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

2nd out of 2 stocks


OTIS stock logo

About Otis Worldwide (NYSE:OTIS) Stock

Otis Worldwide Corporation engages in the 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. 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 Price History

OTIS Stock News Headlines

"Chilling War Games Show US Forces Crushed" – FOX NEWS
=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
"Chilling War Games Show US Forces Crushed" – FOX NEWS
=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
Will Sex Education on Netflix get a spin-off?
Wells Fargo Sticks to Their Hold Rating for Otis Worldwide (OTIS)
Wells Fargo Remains a Hold on Otis Worldwide (OTIS)
See More Headlines
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OTIS Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 9/8 Dividend
8/17/2023
Dividend Payable
9/08/2023
Today
9/22/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
N/A
Fax
N/A
Employees
69,000
Year Founded
1853

Price Target and Rating

Average Stock Price Forecast
$87.86
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$76.00
Forecasted Upside/Downside
+8.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$1.25 billion
Pretax Margin
14.23%

Debt

Sales & Book Value

Annual Sales
$13.69 billion
Cash Flow
$3.66 per share
Book Value
($11.57) per share

Miscellaneous

Free Float
411,292,000
Market Cap
$33.27 billion
Optionable
Optionable
Beta
0.97

Social Links

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Key Executives

  • Ms. Judith F. MarksMs. Judith F. Marks (Age 59)
    Chair, Pres & CEO
    Comp: $4.44M
  • Mr. Anurag Maheshwari (Age 49)
    Exec. VP & CFO
    Comp: $1.74M
  • Ms. Nora E. LaFreniereMs. Nora E. LaFreniere (Age 52)
    Exec. VP & Chief Gen. Counsel
    Comp: $1.45M
  • Mr. Peiming ZhengMr. Peiming Zheng (Age 55)
    Exec. VP & Chief Product, Delivery and Customer Officer
    Comp: $2.55M
  • Mr. Stephane de Montlivault (Age 63)
    Pres of Otis Asia Pacific
    Comp: $1.62M
  • Mr. Todd Glance
    Exec. VP of Operations
  • Mr. Michael Patrick RyanMr. Michael Patrick Ryan (Age 53)
    VP & Chief Accounting Officer
  • Rina Leonard
    VP & Global Chief Information Officer
  • Ms. Randi Tanguay
    VP & Chief Communications Officer
  • Ms. Robin Fiala
    VP of Sales & Marketing













OTIS Stock - Frequently Asked Questions

Should I buy or sell Otis Worldwide stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" OTIS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTIS, but not buy additional shares or sell existing shares.
View OTIS analyst ratings
or view top-rated stocks.

What is Otis Worldwide's stock price forecast for 2023?

7 Wall Street research analysts have issued 12 month price objectives for Otis Worldwide's stock. Their OTIS share price forecasts range from $76.00 to $100.00. On average, they expect the company's share price to reach $87.86 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
View analysts price targets for OTIS
or view top-rated stocks among Wall Street analysts.

How have OTIS shares performed in 2023?

Otis Worldwide's stock was trading at $78.31 at the start of the year. Since then, OTIS shares have increased by 3.2% and is now trading at $80.80.
View the best growth stocks for 2023 here
.

When is Otis Worldwide's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our OTIS earnings forecast
.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) posted its quarterly earnings data on Wednesday, July, 26th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.59 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 28.62% and a net margin of 9.59%. The company's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share.
Read the conference call transcript
.

How often does Otis Worldwide pay dividends? What is the dividend yield for Otis Worldwide?

Otis Worldwide announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.34 per share on Friday, September 8th. This represents a $1.36 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for OTIS
.

Is Otis Worldwide a good dividend stock?

Otis Worldwide (NYSE:OTIS) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.66%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 35.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTIS.

What guidance has Otis Worldwide issued on next quarter's earnings?

Otis Worldwide updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $3.45-$3.50 for the period, compared to the consensus earnings per share estimate of $3.48. The company issued revenue guidance of $14.00 billion-$14.30 billion, compared to the consensus revenue estimate of $14.13 billion.

What is Otis Worldwide's stock symbol?

Otis Worldwide trades on the New York Stock Exchange (NYSE) under the ticker symbol "OTIS."

Who are Otis Worldwide's major shareholders?

Otis Worldwide's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.56%), State Street Corp (3.90%), Alliancebernstein L.P. (2.97%), Geode Capital Management LLC (2.46%), Capital Research Global Investors (2.18%) and Fiera Capital Corp (2.12%). Insiders that own company stock include Fernandez Bernardo Calleja, James F Cramer, Judith Fran Marks, Michael Patrick Ryan, Montlivault Stephane De, Nora E Lafreniere, Peiming Zheng and Rahul Ghai.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Otis Worldwide's stock price today?

One share of OTIS stock can currently be purchased for approximately $80.80.

How much money does Otis Worldwide make?

Otis Worldwide (NYSE:OTIS) has a market capitalization of $33.27 billion and generates $13.69 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $3.17 on an earnings per share basis.

How many employees does Otis Worldwide have?

The company employs 69,000 workers across the globe.

How can I contact Otis Worldwide?

Otis Worldwide's mailing address is ONE CARRIER PLACE, FARMINGTON CT, 06032. The official website for the company is www.otis.com. The company can be reached via phone at 860-674-3000 or via email at investorrelations@otis.com.

This page (NYSE:OTIS) was last updated on 9/22/2023 by MarketBeat.com Staff

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