# Otis Worldwide Corporation – Consensus ‘buy’ rating and 11.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/otis-worldwide-corporation-consensus-buy-rating-and-11.0-upside-potential/4121132288
- Published: 2023-11-09T13:35:10+00:00
- Author: Charlotte Edwards

**Otis Worldwide Corporation** with ticker code (OTIS) have now 12 analysts in total
covering the stock. The consensus rating is pointing to ‘buy’. The target price 
High/Low ranges between $100.00 and $77.00 suggesting an average Analsyt target 
price of $88.67. Given that the stocks previous close was at $79.87 and the analysts
are correct then we can expect a percentage increase in value of 11.0%. The 50 day
MA is $80.31 and the 200 moving average now moves to $83.63. The company has a market
capitalization of 33.09B. The stock price for the company is currently is currently
$80.85 USD

 The potential market cap would be $36,734,258,917 based on the market consensus.

The company has a dividend yield of 2.92%. Other points of data to note are a P/
E ratio of 24.43, revenue per share of $33.93 and a 13.85% return on assets.

Otis Worldwide Corporation is an elevator and escalator manufacturing, installation,
and service company. It serves customers in over 200 countries and territories. 
It operates in two segments: New Equipment and Service. Through its New Equipment
segment, it designs, manufactures, sells, and installs a range of passenger and 
freight elevators, as well as escalators and moving walkways to customers in residential
and commercial buildings, and infrastructure projects. The Company sells its New
Equipment units directly to customers, as well as through agents and distributors
globally. Through its Service segment, the Company performs maintenance and repair
services for both its products and those of other manufacturers and provides services
to upgrade elevators and escalators. It provides Otis ONE, an Internet of Things(
IoT) based solution to connect elevators to OtisLine. Otis also offers a range of
passenger experience enhancements, such as eView and Otis eCall.

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