Otis Worldwide (NYSE:OTIS – Get Free Report) was upgraded by stock analysts at Sanford C. Bernstein to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.
OTIS has been the topic of a number of other reports. Weiss Ratings lowered Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Wells Fargo & Company decreased their price objective on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Evercore initiated coverage on Otis Worldwide in a report on Monday, April 13th. They issued an “outperform” rating and a $100.00 price objective on the stock. Royal Bank Of Canada decreased their price objective on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Finally, UBS Group set a $105.00 price objective on Otis Worldwide in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $97.58.
Read Our Latest Analysis on Otis Worldwide
Otis Worldwide Price Performance
Otis Worldwide (NYSE:OTIS – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. On average, equities analysts anticipate that Otis Worldwide will post 4.2 earnings per share for the current fiscal year.
Institutional Trading of Otis Worldwide
Several large investors have recently bought and sold shares of OTIS. Camelot Portfolios LLC acquired a new stake in Otis Worldwide in the fourth quarter valued at about $26,000. Stance Capital LLC acquired a new stake in Otis Worldwide in the third quarter valued at about $27,000. Garton & Associates Financial Advisors LLC acquired a new stake in Otis Worldwide in the fourth quarter valued at about $27,000. Elevation Wealth Partners LLC acquired a new stake in Otis Worldwide in the fourth quarter valued at about $32,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Otis Worldwide in the fourth quarter valued at about $33,000. 88.03% of the stock is owned by institutional investors and hedge funds.
Otis Worldwide Company Profile
Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.
In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.
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