Otis Worldwide Corp [NYSE: OTIS] loss -0.49% on the last trading session, reaching $104.30 price per share at the time.
If compared to the average trading volume of 2.26M shares, OTIS reached a trading volume of 2840903 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $100.92 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 2.35. 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.
Morgan Stanley have made an estimate for Otis Worldwide Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on September 06, 2024. While these analysts kept the previous recommendation, Melius raised their target price to Hold. The new note on the price target was released on April 02, 2024, representing the official price target for Otis Worldwide Corp stock. Previously, the target price had yet another raise to $102, while Argus analysts kept a Buy rating on OTIS stock.
The Average True Range (ATR) for Otis Worldwide Corp is set at 1.93, with the Price to Sales ratio for OTIS stock in the period of the last 12 months amounting to 2.95. Price to Free Cash Flow for OTIS in the course of the last twelve months was 33.40 with Quick ratio for the last quarter at 0.71.
Trading performance analysis for OTIS stock
Otis Worldwide Corp [OTIS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.89. With this latest performance, OTIS shares gained by 10.65% in over the last four-week period, additionally plugging by 7.33% over the last 6 months – not to mention a rise of 31.36% 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 72.47, with the RSI for the last a single of trading hit 75.82, and the three-weeks RSI is set at 68.62 for Otis Worldwide Corp [OTIS]. The present Moving Average for the last 50 days of trading for this stock 95.05, while it was recorded at 104.25 for the last single week of trading, and 94.62 for the last 200 days.
Otis Worldwide Corp [OTIS]: A deeper dive into fundamental analysis
Otis Worldwide Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.71 and a Current Ratio set at 0.79.
Otis Worldwide Corp [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 Corp go to 10.25%.
An analysis of Institutional ownership at Otis Worldwide Corp [OTIS]
There are presently around $91.70%, or 91.83%% of OTIS stock, in the hands of institutional investors. The top three institutional holders of OTIS stocks are: VANGUARD GROUP INC with ownership of 45.09 million shares, which is approximately 11.127%. BLACKROCK INC., holding 34.51 million shares of the stock with an approximate value of $$3.32 billion in OTIS stocks shares; and BLACKROCK INC., currently with $$2.11 billion in OTIS stock with ownership which is approximately 5.4121%.
