Otis Worldwide Corporation [OTIS] is 43.01% higher this YTD. Is it still time to buy?

Otis Worldwide Corporation [NYSE: OTIS] plunged by -$0.34 during the normal trading session on Thursday and reaching a high of $65.51 during the day while it closed the day at $64.71. The company report on October 1, 2020 that Otis Technology Lifts Canada’s Next Tallest Building: Toronto’s ‘The ONE’.

Otis to provide 23 elevators to 309-meter, mixed-use building.

First SkyBuild™ construction elevator installation in Canada will help crews move and work more efficiently on site.

Otis Worldwide Corporation stock has also gained 3.75% of its value over the past 7 days. However, OTIS stock has inclined by 13.57% in the 3 months of the year. Over the past six months meanwhile, it has gained 31.68% and gained 43.01% year-on date.

The market cap for OTIS stock reached $27.67 billion, with 433.10 million shares outstanding and 433.04 million shares in the current float. Compared to the average trading volume of 2.31M shares, OTIS reached a trading volume of 1212608 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $64.71 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.

Wolfe Research have made an estimate for Otis Worldwide Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 24, 2020. While these analysts kept the previous recommendation, HSBC Securities raised their target price to Reduce. The new note on the price target was released on June 29, 2020, representing the official price target for Otis Worldwide Corporation stock. Previously, the target price had yet another raise to $72, while Argus analysts kept a Buy rating on OTIS stock.

The Average True Range (ATR) for Otis Worldwide Corporation is set at 1.76, with the Price to Sales ratio for OTIS stock in the period of the last 12 months amounting to 2.19.

OTIS stock trade performance evaluation

Otis Worldwide Corporation [OTIS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.75. With this latest performance, OTIS shares gained by 4.24% in over the last four-week period, additionally plugging by 31.68% over the last 6 months .

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 60.10, with the RSI for the last a single of trading hit 65.20, and the three-weeks RSI is set at 58.69 for Otis Worldwide Corporation [OTIS]. The present Moving Average for the last 50 days of trading for this stock 62.75, while it was recorded at 64.26 for the last single week of trading.

Otis Worldwide Corporation [OTIS]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for Otis Worldwide Corporation [OTIS] stock

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%.

Otis Worldwide Corporation [OTIS]: Insider Ownership positions

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 330 institutional holders increased their position in Otis Worldwide Corporation [NYSE:OTIS] by around 87,929,371 shares. Additionally, 1,473 investors decreased positions by around 364,419,262 shares, while 19 investors held positions by with 77,735,348 shares. The mentioned changes placed institutional holdings at 374,613,285 shares, according to the latest SEC report filing. OTIS stock had 237 new institutional investments in for a total of 52,556,071 shares, while 686 institutional investors sold positions of 40,365,488 shares during the same period.

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