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 $102.00. The company’s shares closed last Friday at $96.16.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 9.0% and a 59.51% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Eaton, and Lennox International.
In addition to Wells Fargo, Otis Worldwide also received a Hold from Barclays’s Julian Mitchell in a report issued on April 2. However, on April 8, Wolfe Research maintained a Buy rating on Otis Worldwide (NYSE: OTIS).
OTIS market cap is currently $38.99B and has a P/E ratio of 28.36.
Based on the recent corporate insider activity of 45 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.
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 Worldwide price target raised to $106 from $102 at Wolfe Research
- Otis Worldwide initiated with a Hold at Melius Research
- Otis Worldwide price target raised to $90 from $85 at Barclays
- Otis Worldwide selected by Emaar Properties to modernize 34 elevators
- Argus upgraded Otis Worldwide to Buy on ‘predictable and growing’ revenue
