Otis Worldwide Corp [OTIS] stock prices are up 1.40% to $104.01 at the moment. 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 4.24% over the last week, with a monthly amount glided 10.01%, and 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.
The stock price of Otis Worldwide Corp [OTIS] has been fluctuating between $90.12 and $106.33 over the past year. Currently, Wall Street analysts expect the stock to reach $95.5 within the next 12 months. Otis Worldwide Corp [NYSE: OTIS] shares were valued at $104.01 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
The Otis Worldwide Corp [NYSE:OTIS] reported sales of 14.26B for trailing twelve months, representing a surge of 1.52%. 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 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is -0.33 and Total Capital is 0.57. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.8.
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 102.25 points at the first support level, and at 100.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.15, and for the 2nd resistance point, it is at 106.29.
Ratios To Look Out For
It’s worth pointing out that Otis Worldwide Corp [NYSE:OTIS]’s Current Ratio is 0.99. Further, the Quick Ratio stands at 0.92, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 2.89 and price to earnings (TTM) ratio is 25.56.
Transactions by insiders
Recent insider trading involved de Montlivault Stephane, President, Otis Asia Pacific, that happened on Feb 13 ’25 when 25003.0 shares were sold. Officer, Stephane de Montlivault completed a deal on Feb 13 ’25 to buy 25003.0 shares. Meanwhile, Chair, CEO and President Marks Judith Fran sold 28440.0 shares on Feb 10 ’25.
