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Otis Worldwide (OTIS)
NYSE:OTIS
Otis Worldwide (OTIS) Stock Price & Analysis
543 Followers
OTIS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$72.46 - $99.95
Previous Close$96.79
Volume1.63M
Average Volume (3M)1.88M
Market Cap
$39.13B
Enterprise Value$45.62B
Total Cash (Recent Filing)$884.00M
Total Debt (Recent Filing)$7.17B
Price to Earnings (P/E)27.9
Beta0.92
Next Earnings
Jul 24, 2024EPS Estimate
$1.02Last Dividend Ex-Date
May 16, 2024Dividend Yield1.41%
Share Statistics
EPS (TTM)3.46
Shares Outstanding404,322,811
10 Day Avg. Volume1,841,361
30 Day Avg. Volume1,883,258
Standard Deviation0.07
R-Squared0.61
Alpha0.00238
Financial Highlights & Ratios
Price to Book (P/B)-5.65
Price to Sales (P/S)11.36
Price to Cash Flow (P/CF)57.40
P/FCF Ratio57.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.59
Enterprise Value/Gross Profit5.05
Enterprise Value/Ebitda30.23
Forecast
1Y Price Target
$105.14Price Target Upside8.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Otis Worldwide News
PremiumPress Releases
OTIS REPORTS FIRST QUARTER 2024 RESULTS
Bulls Say, Bears Say
Bulls Say
Financial StrategyOTIS plans to deploy more than $8 billion in investments over the next few years, with a significant portion allocated to share repurchases, highlighting a strong commitment to enhancing shareholder value.
Growth ProspectsAnalysts predict an upward trend in OTIS's Maintenance growth, with a strategy in place to balance recapture and cancellations, and conversion expected to contribute to approximately 4.5% growth.
Profitability FocusOTIS's management emphasizes that a substantial part of their profit comes from Service, showcasing their ability to leverage Maintenance growth through retention, recapture, conversion, and Modernization and Repair services.
Bears Say
Competitive Pricing PressureOne reason for a slight year-over-year step down in the 2023 recapture rate was pricing competition.
M&A Activity HurdlesThe 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
0.12% Insiders
25.85% Mutual Funds
42.65% Other Institutional Investors
31.38% 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 $72.46 and its highest was $99.95 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 Jul 24, 2024 which is in 67 days.
How were Otis Worldwide’s earnings last quarter?
Otis Worldwide released its earnings results on Apr 24, 2024. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.867 by $0.013.
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 $0.39 which represents an annual dividend yield of 1.41%. See more information on Otis Worldwide dividends here
What is Otis Worldwide’s EPS estimate?
Otis Worldwide’s EPS estimate is $1.02.
How many shares outstanding does Otis Worldwide have?
Otis Worldwide has 404,322,800 shares outstanding.
What happened to Otis Worldwide’s price movement after its last earnings report?
Otis Worldwide reported an EPS of $0.88 in its last earnings report, beating expectations of $0.867. Following the earnings report the stock price went down -4.203%.
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
Underperform
1
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5
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$105.14 (8.63% Upside)
$105.14 (8.63% Upside)
Blogger Sentiment
Bullish
OTIS Sentiment 81%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 343.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.6%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.89%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-0.55%
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
Q1 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 Month Forecast
Average Price Target
$105.14
▲(8.63% Upside)
Technical Analysis
Best Analysts Covering OTIS
1 Year
1 Year Success Rate
16/19 ratings generated profit
1 Year Average Return
+10.71%
reiterated a buy rating 20 days ago
Copying Nicholas Housden's trades and holding each position for 1 Year would result in 84.21% of your transactions generating a profit, with an average return of +10.71% per trade.
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