In a report released yesterday, Joe O’Dea from Wells Fargo maintained a Hold rating on Otis Worldwide (OTIS – Research Report), with a price target of $95.00. The company’s shares closed last Friday at $93.52.
O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Emerson Electric Company, and Parker Hannifin. According to TipRanks, O’Dea has an average return of 6.4% and a 57.84% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Otis Worldwide with a $97.00 average price target, implying a 3.72% upside from current levels. In a report released on February 16, UBS also maintained a Hold rating on the stock with a $95.00 price target.
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The company has a one-year high of $93.84 and a one-year low of $72.75. Currently, Otis Worldwide has an average volume of 2.21M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OTIS in relation to earlier this year.
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Otis Worldwide (OTIS) Company Description:
Otis Worldwide Corporation engages in designing, manufacturing, selling and installations of passenger and freight elevators, escalators and moving walkways for infrastructure projects, and residential and commercial buildings. It also provides maintenance and repair services, as well as modernization services for elevators and escalators.
Read More on OTIS:
- Argus upgraded Otis Worldwide to Buy on ‘predictable and growing’ revenue
- Otis Worldwide upgraded to Buy from Hold at Argus
- Otis Worldwide backs FY24 adjusted EPS view up 7%-10%, consensus $3.84
- Otis Worldwide introduces medium-term outlook ahead of investor day
- Otis Worldwide price target raised to $104 from $95 at JPMorgan
