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Otis Worldwide (OTIS)
NYSE:OTIS
Otis Worldwide (OTIS) Stock Price & Analysis
537 Followers
OTIS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$72.75 - $100.35
Previous Close$95.49
Volume1.97M
Average Volume (3M)1.89M
Market Cap
$38.72B
Enterprise Value$44.84B
Total Cash (Recent Filing)$1.27B
Total Debt (Recent Filing)$7.19B
Price to Earnings (P/E)28.2
Beta0.92
Next Earnings
Apr 24, 2024EPS Estimate
$0.87Last Dividend Ex-Date
Feb 15, 2024Dividend Yield1.43%
Share Statistics
EPS (TTM)3.39
Shares Outstanding405,454,626
10 Day Avg. Volume1,588,710
30 Day Avg. Volume1,889,837
Standard Deviation0.06
R-Squared0.60
Alpha0.00352
Financial Highlights & Ratios
Price to Book (P/B)-5.68
Price to Sales (P/S)2.71
Price to Cash Flow (P/CF)16.40
P/FCF Ratio16.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.97
Enterprise Value/Gross Profit4.96
Enterprise Value/Ebitda31.75
Forecast
1Y Price Target
$102.89Price Target Upside7.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Otis Worldwide News
Bulls Say, Bears Say
Bulls Say
Financial StrategyMore than $8 billion is expected to be deployed over the next 5 years, with the biggest bucket being share repurchase of over $5 billion, highlighting the company's commitment to returning value to shareholders.
Growth PotentialModernization of aging installed base presents a significant growth opportunity, with OTIS improving its service offering and expecting margin expansions, signifying potential for increased profitability.
Operational EfficiencyTargeting over 10% EPS compound annual growth rate through 2028, bolstered by operational efficiency and favorable tax rates, showcasing a strong outlook for earnings performance.
Bears Say
Competitive Pricing PressureOne reason for a slight year-over-year step down in the 2023 recapture rate was pricing competition.
M&A ChallengesThe primary obstacle on M&A has been valuation, which remains frothy due to competition from OEMs and PE players.
Market Growth ConcernsStimulus in China doesn't seem to be having a noticeable impact, which could raise the concern over growth in the New Equipment market.
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Ownership Overview
0.13% Insiders
26.83% Mutual Funds
24.31% Other Institutional Investors
48.73% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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OTIS FAQ
What was Otis Worldwide’s price range in the past 12 months?
Otis Worldwide lowest stock price was $72.75 and its highest was $100.35 in the past 12 months.
What is Otis Worldwide’s market cap?
Currently, no data Available
When is Otis Worldwide’s upcoming earnings report date?
Otis Worldwide’s upcoming earnings report date is Apr 24, 2024 which is in 5 days.
How were Otis Worldwide’s earnings last quarter?
Otis Worldwide released its earnings results on Jan 31, 2024. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.858 by $0.012.
Is Otis Worldwide overvalued?
According to Wall Street analysts Otis Worldwide’s price is currently Undervalued.
Does Otis Worldwide pay dividends?
Otis Worldwide pays a Quarterly dividend of $0.34 which represents an annual dividend yield of 1.43%. See more information on Otis Worldwide dividends here
What is Otis Worldwide’s EPS estimate?
Otis Worldwide’s EPS estimate is $0.87.
How many shares outstanding does Otis Worldwide have?
Otis Worldwide has 405,454,620 shares outstanding.
What happened to Otis Worldwide’s price movement after its last earnings report?
Otis Worldwide reported an EPS of $0.87 in its last earnings report, beating expectations of $0.858. Following the earnings report the stock price went down -1.729%.
Which hedge fund is a major shareholder of Otis Worldwide?
Among the largest hedge funds holding Otis Worldwide’s share is Dodge & Cox. It holds Otis Worldwide’s shares valued at 450M.
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Otis Worldwide Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$102.89 (7.75% Upside)
$102.89 (7.75% Upside)
Blogger Sentiment
Bullish
OTIS Sentiment 80%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 343.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $319.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 2.1%
Last 30 Days ▼ 2.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.11%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
3.03%
Trailing 12-Months
Company Description
Otis Worldwide
Otis Worldwide Corporation engages in designing, manufacturing, selling and installations of passenger and freight elevators, escalators and moving walkways for infrastructure projects, and residential and commercial buildings. It also provides maintenance and repair services, as well as modernization services for elevators and escalators.
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OTIS Company Deck
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OTIS Earnings Call
Q4 2024
0:00 / 0:00
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OTIS Net sales Breakdown
48.35% Maintenance and Repair
40.90% New Equipment
10.75% Modernization
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OTIS Stock 12 Months Forecast
Average Price Target
$102.89
▲(7.75% Upside)
Technical Analysis
Best Analysts Covering OTIS
1 Year
1 Year Success Rate
15/19 ratings generated profit
1 Year Average Return
+9.86%
reiterated a buy rating 5 days ago
Copying Nicholas Housden's trades and holding each position for 1 Year would result in 78.95% of your transactions generating a profit, with an average return of +9.86% per trade.
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