Otis Worldwide Corp [NYSE: OTIS] price plunged by -1.27 percent to reach at -$1.22.
The one-year OTIS stock forecast points to a potential upside of 7.81. The average equity rating for OTIS stock is currently 2.88, trading closer to a bullish pattern in the stock market.
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 $102.67 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 2.88. 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 Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 12, 2024. The new note on the price target was released on December 05, 2024, representing the official price target for Otis Worldwide Corp stock. Previously, the target price had yet another raise from $97 to $113, while UBS kept a Neutral rating on OTIS stock.
The Average True Range (ATR) for Otis Worldwide Corp is set at 1.78, with the Price to Sales ratio for OTIS stock in the period of the last 12 months amounting to 2.66. Price to Free Cash Flow for OTIS in the course of the last twelve months was 28.19 with Quick ratio for the last quarter at 0.72.
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 -0.78. With this latest performance, OTIS shares gained by 0.53% in over the last four-week period, additionally plugging by 1.74% over the last 6 months – not to mention a rise of 6.79% 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 48.47, with the RSI for the last a single of trading hit 48.96, and the three-weeks RSI is set at 47.17 for Otis Worldwide Corp [OTIS]. The present Moving Average for the last 50 days of trading for this stock 96.60, while it was recorded at 96.23 for the last single week of trading, and 96.96 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 0.72 and a Current Ratio set at 0.80.
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 10.52%.
Otis Worldwide Corp [OTIS] Institutonal Ownership Details
There are presently around $92.80%, or 92.91%% 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%.
