# Otis Worldwide Corporation – Consensus ‘buy’ rating and 2.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/otis-worldwide-corporation-consensus-buy-rating-and-2.7-upside-potential/4121135131
- Published: 2023-12-05T13:54:54+00:00
- Author: Charlotte Edwards

**Otis Worldwide Corporation** with ticker code (OTIS) now have 11 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The range
between the high target price and low target price is between $100.00 and $77.00
with the average target price sitting at $89.09. Given that the stocks previous 
close was at $86.75 and the analysts are correct then there would likely be a percentage
uptick in value of 2.7%. The 50 day moving average now sits at $80.82 and the 200
day moving average is $83.74. The total market capitalization for the company now
stands at 35.70B. The current share price for the company is: $87.24 USD

 The potential market cap would be $36,666,830,096 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 26.36, 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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