Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Otis Worldwide Corp (NYSE: OTIS) closed at $93.37 up 1.27% from its previous closing price of $92.20. In other words, the price has increased by $1.27 from its previous closing price. On the day, 1.71 million shares were traded. OTIS stock price reached its highest trading level at $93.82 during the session, while it also had its lowest trading level at $92.17.
Ratios:
For a deeper understanding of Otis Worldwide Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.51. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.97.
On February 22, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $102.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 21 ’24 when de Montlivault Stephane sold 18,393 shares for $91.10 per share. The transaction valued at 1,675,626 led to the insider holds 67,274 shares of the business.
LaFreniere Nora E. sold 22,106 shares of OTIS for $2,008,832 on Feb 20 ’24. The EVP, General Counsel now owns 24,927 shares after completing the transaction at $90.87 per share. On Feb 20 ’24, another insider, Ryan Michael Patrick, who serves as the SVP, CAO & Controller of the company, sold 3,522 shares for $90.77 each. As a result, the insider received 319,680 and left with 756 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OTIS now has a Market Capitalization of 37751640064 and an Enterprise Value of 44240621568. As of this moment, Otis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.96, and their Forward P/E ratio for the next fiscal year is 21.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.65. Its current Enterprise Value per Revenue stands at 3.094 whereas that against EBITDA is 17.718.
Stock Price History:
The Beta on a monthly basis for OTIS is 0.92, which has changed by 0.08242524 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, OTIS has reached a high of $100.35, while it has fallen to a 52-week low of $73.32. The 50-Day Moving Average of the stock is -3.04%, while the 200-Day Moving Average is calculated to be 6.23%.
Shares Statistics:
For the past three months, OTIS has traded an average of 1.96M shares per day and 2235820 over the past ten days. A total of 406.60M shares are outstanding, with a floating share count of 404.67M. Insiders hold about 0.19% of the company’s shares, while institutions hold 89.72% stake in the company. Shares short for OTIS as of 1713139200 were 5366796 with a Short Ratio of 2.74, compared to 1710460800 on 5998469. Therefore, it implies a Short% of Shares Outstanding of 5366796 and a Short% of Float of 1.5.
Dividends & Splits
According to the company, the forward annual dividend rate for OTIS is 1.36, from 1.36 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014750543
Earnings Estimates
A detailed examination of Otis Worldwide Corp (OTIS) is currently in progress, with 7.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of $1.02 for the current quarter, with a high estimate of $1.04 and a low estimate of $0.98, while EPS last year was $0.92. The consensus estimate for the next quarter is $1.0, with high estimates of $1.02 and low estimates of $0.98.
Analysts are recommending an EPS of between $4.0 and $3.7 for the fiscal current year, implying an average EPS of $3.87. EPS for the following year is $4.25, with 12.0 analysts recommending between $4.35 and $4.12.
Revenue Estimates
For the next quarter, 7 analysts are estimating revenue of $3.67B. There is a high estimate of $3.72B for the next quarter, whereas the lowest estimate is $3.63B.
A total of 14 analysts have provided revenue estimates for OTIS’s current fiscal year. The highest revenue estimate was $14.76B, while the lowest revenue estimate was $14.55B, resulting in an average revenue estimate of $14.65B. In the same quarter a year ago, actual revenue was $14.21BBased on 12 analysts’ estimates, the company’s revenue will be $15.17B in the next fiscal year. The high estimate is $15.47B and the low estimate is $14.68B.
