Otis Worldwide Corp [NYSE: OTIS] stock went on a downward path that fall over -7.06% on Wednesday, amounting to a one-week price decrease of less than -7.58%.
Over the last 12 months, OTIS stock rose by 4.81%. The one-year Otis Worldwide Corp stock forecast points to a potential upside of 10.08. The average equity rating for OTIS stock is currently 2.31, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $36.97 billion, with 406.60 million shares outstanding and 403.89 million shares in the current float. Compared to the average trading volume of 2.13M shares, OTIS stock reached a trading volume of 5838167 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Otis Worldwide Corp [OTIS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OTIS shares is $101.68 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 2.31. 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.
Melius have made an estimate for Otis Worldwide Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 02, 2024. The new note on the price target was released on February 22, 2024, representing the official price target for Otis Worldwide Corp stock.
The Average True Range (ATR) for Otis Worldwide Corp is set at 2.10, with the Price to Sales ratio for OTIS stock in the period of the last 12 months amounting to 2.59. Price to Free Cash Flow for OTIS in the course of the last twelve months was 26.87 with Quick ratio for the last quarter at 0.88.
OTIS Stock Performance Analysis:
Otis Worldwide Corp [OTIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.58. With this latest performance, OTIS shares dropped by -5.62% in over the last four-week period, additionally plugging by 3.50% over the last 6 months – not to mention a rise of 4.81% in the past year of trading.
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 32.40, with the RSI for the last a single of trading hit 26.13, and the three-weeks RSI is set at 36.82 for Otis Worldwide Corp [OTIS]. The present Moving Average for the last 50 days of trading for this stock 97.34, while it was recorded at 97.14 for the last single week of trading, and 91.44 for the last 200 days.
Insight into Otis Worldwide Corp Fundamentals:
Otis Worldwide Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.88 and a Current Ratio set at 0.97.
OTIS Stock EPS
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 Corp go to 10.50%.
Otis Worldwide Corp [OTIS] Institutonal Ownership Details
The top three institutional holders of OTIS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in OTIS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in OTIS stock with ownership which is approximately 5.1238%.
