A share price of Otis Worldwide Corp [OTIS] is currently trading at $95.98, down -0.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OTIS shares have lost -3.17% over the last week, with a monthly amount drifted -2.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Argus upgraded its rating to Buy on February 22, 2024, and kept the price target unchanged to $102. On January 02, 2024, downgrade downgraded it’s rating to Hold. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $87 on October 03, 2023. Wells Fargo upgraded its rating to a Equal Weight and raised its price target to $88 on May 01, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on January 06, 2023, and assigned it a price target of $84. In a note dated December 01, 2022, Barclays downgraded an Equal Weight rating on this stock but restated the target price of $80.
Otis Worldwide Corp experienced fluctuations in its stock price throughout the past year between $73.32 and $100.35. Currently, Wall Street analysts expect the stock to reach $92.89 within the next 12 months. Otis Worldwide Corp [NYSE: OTIS] shares were valued at $95.98 at the most recent close of the market. An investor can expect a potential drop of -3.22% based on the average OTIS price forecast.
Analyzing the OTIS fundamentals
Trailing Twelve Months sales for Otis Worldwide Corp [NYSE:OTIS] were 14.21B which represents 5.26% growth. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is -0.29 and Total Capital is 0.6. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 95.22 points at the first support level, and at 94.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.58, and for the 2nd resistance point, it is at 97.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Otis Worldwide Corp [NYSE:OTIS] is 0.99. In addition, the Quick Ratio stands at 0.89 and the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 2.74 and price to earnings (TTM) ratio is 28.30.
Transactions by insiders
Recent insider trading involved de Montlivault Stephane, President, Otis Asia Pacific, that happened on Feb 21 ’24 when 18393.0 shares were sold. EVP, General Counsel, LaFreniere Nora E. completed a deal on Feb 20 ’24 to sell 22106.0 shares. Meanwhile, SVP, CAO & Controller Ryan Michael Patrick sold 3522.0 shares on Feb 20 ’24.
