S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
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Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months

Otis Worldwide (OTIS) Stock Price, News & Analysis

$87.50
+0.84 (+0.97%)
(As of 12/8/2023 08:57 PM ET)
Compare
Today's Range
$86.70
$87.77
50-Day Range
$75.47
$87.50
52-Week Range
$73.32
$91.33
Volume
3.06 million shs
Average Volume
1.85 million shs
Market Capitalization
$35.81 billion
P/E Ratio
26.44
Dividend Yield
1.55%
Price Target
$88.29

Otis Worldwide MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
0.9% Upside
$88.29 Price Target
Short Interest
Healthy
1.06% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.41mentions of Otis Worldwide in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.24%
From $3.52 to $3.81 Per Share

Overall MarketRank

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

1.89 out of 5 stars

Construction Sector

59th out of 89 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 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 Stock Price History

OTIS Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Otis to Host 2024 Investor Day
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Otis Worldwide Corp's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Ex-Dividend for 12/8 Dividend
11/16/2023
Dividend Payable
12/08/2023
Today
12/10/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/07/2024

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 Target
$88.29
High Stock Price Target
$100.00
Low Stock Price Target
$76.00
Potential Upside/Downside
+0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$1.25 billion
Pretax Margin
14.32%

Debt

Sales & Book Value

Annual Sales
$13.69 billion
Cash Flow
$3.73 per share
Book Value
($11.57) per share

Miscellaneous

Free Float
408,809,000
Market Cap
$35.81 billion
Optionable
Optionable
Beta
1.00

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Otis Worldwide was last updated on Sunday, December 3, 2023 at 5:04 PM.

Pros

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

  • Strong Institutional Ownership: Otis Worldwide Co. has a high percentage of institutional ownership, indicating confidence from large investors.
  • Positive Stock Performance: Despite market fluctuations, Otis Worldwide Co. has shown a consistent upward trend in its stock price.
  • Stable Financials: Otis Worldwide Co. has reported solid financial results, including positive earnings per share and revenue growth.
  • Market Dominance: Otis Worldwide Co. is a leading player in the global elevator and escalator industry, with a strong market presence and a wide range of products and services.
  • Technological Innovation: Otis Worldwide Co. continues to invest in research and development, driving technological advancements in the industry and staying ahead of competitors.

Cons

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

  • Market Volatility: The stock price of Otis Worldwide Co. may be subject to market volatility, which could result in potential losses for investors.
  • Competition: The elevator and escalator industry is highly competitive, with the presence of major players and the potential for pricing pressures.
  • Dependence on Construction Industry: Otis Worldwide Co.'s business is closely tied to the construction industry, which can be cyclical and susceptible to economic downturns.
  • Regulatory Risks: Changes in regulations and compliance requirements could impact Otis Worldwide Co.'s operations and financial performance.
  • Global Economic Uncertainty: Otis Worldwide Co.'s business is exposed to global economic conditions, including geopolitical risks and fluctuations in currency exchange rates.














OTIS Stock Analysis - Frequently Asked Questions

Should I buy or sell Otis Worldwide stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 target for 2024?

6 Wall Street analysts have issued 1 year target prices for Otis Worldwide's shares. Their OTIS share price targets range from $76.00 to $100.00. On average, they anticipate the company's share price to reach $88.29 in the next twelve months. This suggests a possible upside of 0.9% 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 beginning of 2023. Since then, OTIS shares have increased by 11.7% and is now trading at $87.50.
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, February 7th 2024.
View our OTIS earnings forecast
.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) posted its earnings results on Wednesday, October, 25th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.07. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.54 billion. Otis Worldwide had a net margin of 9.84% and a negative trailing twelve-month return on equity of 30.00%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 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, October 26th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.34 per share on Friday, December 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, November 16th.
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 1.57%. 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 41.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 35.70% 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 FY23 earnings guidance on Wednesday, October, 25th. The company provided earnings per share guidance of $3.52 for the period, compared to the consensus EPS estimate of $3.47. The company issued revenue guidance of $14.1 billion, compared to the consensus revenue estimate of $14.17 billion.

Who are Otis Worldwide's major shareholders?

Otis Worldwide's stock is owned by a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (3.16%), Fiera Capital Corp (1.97%), Massachusetts Financial Services Co. MA (1.89%), JPMorgan Chase & Co. (1.84%), Northern Trust Corp (1.14%) and Boston Partners (1.13%). Insiders that own company stock include Fernandez Bernardo Calleja, James F Cramer, 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.

This page (NYSE:OTIS) was last updated on 12/11/2023 by MarketBeat.com Staff

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