Saturday, September 26, 2020

Otis Worldwide Corporation [OTIS] is 32.91% higher this YTD. Is it still time to buy?

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Otis Worldwide Corporation [NYSE: OTIS] gained 0.40% on the last trading session, reaching $60.14 price per share at the time. The company report on September 4, 2020 that Otis Commissions Study on Elevator Airflow Amid COVID-19 Pandemic.

Otis Worldwide Corporation (NYSE: OTIS) has commissioned a study into elevator airflow, how it affects the risk of transmission of the COVID-19 virus among passengers, and how to mitigate those risks through science-based safety protocols. Otis is the world’s leading company for elevator and escalator manufacturing, installation and service.

The study will be led by Dr. Qingyan (Yan) Chen, the James G. Dwyer Professor of Mechanical Engineering at Purdue, who is widely recognized for his research into the spread of infectious disease through indoor air systems – and how to prevent it.

Otis Worldwide Corporation represents 433.10 million in outstanding shares, while the company has a total market value of $25.94 billion with the latest information. OTIS stock price has been found in the range of $59.775 to $60.71.

If compared to the average trading volume of 2.66M shares, OTIS reached a trading volume of 2270036 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Otis Worldwide Corporation [OTIS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OTIS shares is $64.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OTIS stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for Otis Worldwide Corporation shares, keeping their opinion on the stock as Reduce, with their previous recommendation back on June 29, 2020. While these analysts kept the previous recommendation, Argus raised their target price to Buy. The new note on the price target was released on June 18, 2020, representing the official price target for Otis Worldwide Corporation stock. Previously, the target price had yet another raise to $64, while Cowen analysts kept a Outperform rating on OTIS stock.

The Average True Range (ATR) for Otis Worldwide Corporation is set at 1.54, with the Price to Sales ratio for OTIS stock in the period of the last 12 months amounting to 2.05.

Trading performance analysis for OTIS stock

Otis Worldwide Corporation [OTIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.76.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OTIS stock in for the last two-week period is set at 41.68, with the RSI for the last a single of trading hit 37.02, and the three-weeks RSI is set at 45.35 for Otis Worldwide Corporation [OTIS]. The present Moving Average for the last 50 days of trading for this stock 61.30, while it was recorded at 60.85 for the last single week of trading.

Otis Worldwide Corporation [OTIS]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Otis Worldwide Corporation [OTIS] shares currently have an operating margin of +14.42 and a Gross Margin at +29.17. Otis Worldwide Corporation’s Net Margin is presently recorded at +8.51.

Return on Total Capital for OTIS is now 73.79, given the latest momentum, and Return on Invested Capital for the company is 61.07. Return on Equity for this stock inclined to 68.28, with Return on Assets sitting at 11.86. When it comes to the capital structure of this company, Otis Worldwide Corporation [OTIS] has a Total Debt to Total Equity ratio set at 32.94. Additionally, OTIS Total Debt to Total Capital is recorded at 24.78, with Total Debt to Total Assets ending up at 5.78. Long-Term Debt to Equity for the company is recorded at 22.71, with the Long-Term Debt to Total Capital now at 17.08.

Reflecting on the efficiency of the workforce at the company, Otis Worldwide Corporation [OTIS] managed to generate an average of $16,174 per employee. Receivables Turnover for the company is 3.88 with a Total Asset Turnover recorded at a value of 1.39.Otis Worldwide Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.

Otis Worldwide Corporation [OTIS]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OTIS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Otis Worldwide Corporation go to 4.70%.

An analysis of insider ownership at Otis Worldwide Corporation [OTIS]

Positions in Otis Worldwide Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 344 institutional holders increased their position in Otis Worldwide Corporation [NYSE:OTIS] by around 87,893,142 shares. Additionally, 1,514 investors decreased positions by around 365,658,841 shares, while 14 investors held positions by with 77,413,071 shares. The mentioned changes placed institutional holdings at 376,138,912 shares, according to the latest SEC report filing. OTIS stock had 242 new institutional investments in for a total of 52,379,365 shares, while 708 institutional investors sold positions of 40,687,347 shares during the same period.

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