At the time of writing, Otis Worldwide Corp [OTIS] stock is trading at $104.48, down -0.80%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OTIS shares have gain 3.29% over the last week, with a monthly amount glided 10.20%, 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 October 08, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on September 06, 2024, and set its price target to $97. On April 02, 2024, Melius initiated with a Hold rating. Argus upgraded its rating to a Buy but stick to its price target of $102 on February 22, 2024. Vertical Research downgraded its rating to a Hold. UBS started tracking with a Neutral rating for this stock on October 03, 2023, and assigned it a price target of $87. In a note dated May 01, 2023, Wells Fargo upgraded an Equal Weight rating on this stock and boosted its target price from $75 to $88.
For the past year, the stock price of Otis Worldwide Corp fluctuated between $73.32 and $106.10. 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 $104.48 at the most recent close of the market. An investor can expect a potential drop of -8.22% based on the average OTIS price forecast.
Analyzing the OTIS fundamentals
According to Otis Worldwide Corp [NYSE:OTIS], the company’s sales were 14.18B for trailing twelve months, which represents an -3.20% plunge. 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 103.94 points at the first support level, and at 103.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.51, and for the 2nd resistance point, it is at 106.54.
Ratios To Look Out For
It is important to note that Otis Worldwide Corp [NYSE:OTIS] has a current ratio of 0.79. Further, the Quick Ratio stands at 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 29.16.
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.
