Wells Fargo analyst Joe O’Dea maintained a Hold rating on Otis Worldwide (OTIS – Research Report) today and set a price target of $95.00. The company’s shares closed last Friday at $91.08.
O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Carrier Global, and Emerson Electric Company. According to TipRanks, O’Dea has an average return of 5.6% and a 53.37% success rate on recommended stocks.
In addition to Wells Fargo, Otis Worldwide also received a Hold from J.P. Morgan’s Stephen Tusa in a report issued on February 2. However, on February 5, RBC Capital maintained a Buy rating on Otis Worldwide (NYSE: OTIS).
See today’s best-performing stocks on TipRanks >>
Based on Otis Worldwide’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.62 billion and a net profit of $323 million. In comparison, last year the company earned a revenue of $3.44 billion and had a net profit of $297 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
- Otis Declares Quarterly Dividend of $0.34 per Share
- Otis Worldwide price target lowered to $95 from $97 at Wells Fargo
- Otis Worldwide price target raised to $85 from $80 at Barclays
- Otis Worldwide sees FY24 adjusted EPS $3.80-$3.90, consensus $3.85
- OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
