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HomeMarketResultsOtis Worldwide (NYSE:OTIS) Price Target Raised to $71.00 at Wells Fargo &...

Otis Worldwide (NYSE:OTIS) Price Target Raised to $71.00 at Wells Fargo & Company


Otis Worldwide (NYSE:OTISGet Rating) had its value goal boosted by Wells Fargo & Company from $65.00 to $71.00 in a analysis report issued to purchasers and traders on Thursday, Benzinga stories. The brokerage presently has an “underweight” score on the inventory. Wells Fargo & Company‘s value goal would point out a possible draw back of 11.81% from the inventory’s present value.

A variety of different equities analysis analysts have additionally commented on OTIS. Barclays lowered shares of Otis Worldwide from an “obese” score to an “equal weight” score and set a $80.00 value goal on the inventory. in a analysis observe on Thursday, December 1st. Credit score Suisse Group elevated their value goal on Otis Worldwide from $73.00 to $76.00 and gave the inventory a “impartial” score in a report on Thursday, October twenty seventh. Lastly, Argus downgraded Otis Worldwide from a “purchase” score to a “maintain” score in a analysis observe on Monday, November seventh. One funding analyst has rated the inventory with a promote score, six have issued a maintain score and three have assigned a purchase score to the corporate’s inventory. In keeping with knowledge from MarketBeat, the corporate presently has a median score of “Maintain” and a consensus goal value of $77.67.

Otis Worldwide Value Efficiency

NYSE OTIS traded down $0.26 throughout buying and selling hours on Thursday, reaching $80.51. The corporate’s inventory had a buying and selling quantity of 12,500 shares, in comparison with its common quantity of 1,587,646. Otis Worldwide has a 52 week low of $62.49 and a 52 week excessive of $87.68. The inventory has a market cap of $33.54 billion, a P/E ratio of 27.67 and a beta of 0.96. The agency has a fifty day easy transferring common of $77.13 and a 200-day easy transferring common of $73.41.

Otis Worldwide (NYSE:OTISGet Rating) final issued its quarterly earnings outcomes on Wednesday, October twenty sixth. The corporate reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The corporate had income of $3.34 billion throughout the quarter, in comparison with analysts’ expectations of $3.44 billion. Otis Worldwide had a unfavourable return on fairness of 30.13% and a web margin of 8.95%. On common, analysis analysts anticipate that Otis Worldwide will put up 3.15 earnings per share for the present 12 months.

Institutional Inflows and Outflows

Massive traders have not too long ago made adjustments to their positions within the enterprise. Viking International Traders LP purchased a brand new stake in shares of Otis Worldwide throughout the first quarter price about $272,262,000. Parnassus Investments LLC bought a brand new stake in shares of Otis Worldwide within the second quarter price roughly $202,187,000. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. raised its stake in shares of Otis Worldwide by 1,048.8% within the third quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. now owns 2,786,476 shares of the corporate’s inventory price $177,777,000 after buying a further 2,543,929 shares over the past quarter. Brown Advisory Inc. boosted its place in shares of Otis Worldwide by 203.3% throughout the second quarter. Brown Advisory Inc. now owns 3,161,650 shares of the corporate’s inventory valued at $223,434,000 after shopping for a further 2,119,272 shares over the past quarter. Lastly, Boston Companions grew its holdings in Otis Worldwide by 44.3% throughout the third quarter. Boston Companions now owns 6,150,062 shares of the corporate’s inventory price $393,646,000 after shopping for a further 1,887,275 shares within the final quarter. 83.95% of the inventory is owned by institutional traders.

Otis Worldwide Firm Profile

(Get Rating)

Otis Worldwide Company manufactures, installs, and providers elevators and escalators in the US, China, and internationally. The corporate operates in two segments, New Tools and Service. The New Tools section designs, manufactures, sells, and installs a spread of passenger and freight elevators, in addition to escalators and transferring walkways for residential and business buildings, and infrastructure tasks.

Featured Tales

Analyst Recommendations for Otis Worldwide (NYSE:OTIS)

This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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