Otis Worldwide Corp [OTIS] stock is trading at $104.43, up 1.02%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OTIS shares have gain 9.33% over the last week, with a monthly amount glided 11.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Otis Worldwide Corp [NYSE: OTIS] stock has seen the most recent analyst activity on September 06, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $97. On February 22, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $102 on the stock. Vertical Research downgraded its rating to a Hold. UBS initiated its recommendation with a Neutral and recommended $87 as its price target on October 03, 2023. Wells Fargo upgraded its rating to Equal Weight for this stock on May 01, 2023, and upped its price target to $88. In a note dated January 06, 2023, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $84 on this stock.
Otis Worldwide Corp [OTIS] stock has fluctuated between $73.32 and $103.97 over the past year. Currently, Wall Street analysts expect the stock to reach $95.89 within the next 12 months. Otis Worldwide Corp [NYSE: OTIS] shares were valued at $104.43 at the most recent close of the market. An investor can expect a potential drop of -8.18% based on the average OTIS price forecast.
Analyzing the OTIS fundamentals
Otis Worldwide Corp [NYSE:OTIS] reported sales of 14.18B for the trailing twelve months, which represents a drop of -3.20%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.16%, 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 0.15, Equity is -0.3 and Total Capital is 1.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.42.
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 103.63 points at the first support level, and at 102.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.23, and for the 2nd resistance point, it is at 106.03.
Ratios To Look Out For
For context, Otis Worldwide Corp’s Current Ratio is 0.79. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 2.95 and price to earnings (TTM) ratio is 29.14.
Transactions by insiders
Recent insider trading involved Anurag Maheshwari, Officer, that happened on Sep 16 ’24 when 32987.0 shares were purchased. Officer, Anurag Maheshwari completed a deal on Sep 04 ’24 to buy 35546.0 shares. Meanwhile, EVP, Chief Product, Delivery Zheng Peiming sold 30364.0 shares on May 07 ’24.
