In a report released yesterday, Julian Mitchell from Barclays maintained a Hold rating on Otis Worldwide (OTIS – Research Report), with a price target of $85.00. The company’s shares closed yesterday at $92.22.
Mitchell covers the Industrials sector, focusing on stocks such as General Electric, 3M, and Dover. According to TipRanks, Mitchell has an average return of 15.4% and a 65.73% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Otis Worldwide with a $96.50 average price target, implying a 4.64% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $95.00 price target.
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OTIS market cap is currently $36.83B and has a P/E ratio of 27.19.
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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:
- 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
- Otis Declares Quarterly Dividend of $0.34 per Share
- Otis Worldwide price target lowered to $95 from $97 at Wells Fargo
