Otis Worldwide Corp [OTIS] stock is trading at $93.20, up 1.03%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OTIS shares have gain 1.54% over the last week, with a monthly amount drifted -4.69%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Otis Worldwide Corp [NYSE: OTIS] stock has seen the most recent analyst activity on December 12, 2024, when Wolfe Research downgraded its rating to a Underperform but kept the price target unchanged to $104 for it. Previously, Barclays downgraded its rating to Underweight on December 05, 2024, and kept the price target unchanged to $94. Wolfe Research downgraded its rating to a Peer Perform. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $97 as its price target on September 06, 2024. In a note dated February 22, 2024, Argus upgraded an Buy rating on this stock but restated the target price of $102.
Otis Worldwide Corp [OTIS] stock has fluctuated between $85.42 and $106.33 over the past year. Currently, Wall Street analysts expect the stock to reach $96 within the next 12 months. Otis Worldwide Corp [NYSE: OTIS] shares were valued at $93.20 at the most recent close of the market. An investor can expect a potential return of 3.0% based on the average OTIS price forecast.
Analyzing the OTIS fundamentals
Otis Worldwide Corp [NYSE:OTIS] reported sales of 14.21B for the trailing twelve months, which represents a growth of 0.71%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is -0.33 and Total Capital is 0.93. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.54.
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 92.37 points at the first support level, and at 91.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.71, and for the 2nd resistance point, it is at 94.23.
Ratios To Look Out For
For context, Otis Worldwide Corp’s Current Ratio is 0.80. Also, the Quick Ratio is 0.72, while the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 2.62 and price to earnings (TTM) ratio is 23.21.
Transactions by insiders
Recent insider trading involved Ryan Michael Patrick, SVP, CAO & Controller, that happened on Nov 08 ’24 when 5638.0 shares were sold. EVP & CPO, Luersman Abbe completed a deal on Nov 07 ’24 to sell 9000.0 shares. Meanwhile, Officer Michael Ryan bought 5638.0 shares on Nov 08 ’24.
