# Otis Worldwide Corporation  Share Price Target ‘$98.04’, now 2.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/otis-worldwide-corporation-share-price-target-98.04-now-2.2-upside-potential/4121162078
- Published: 2024-06-25T14:28:39+01:00
- Author: Charlotte Edwards

**Otis Worldwide Corporation** which can be found using ticker (OTIS) have now 11
market analysts covering the stock. The analyst consensus now points to a rating
of ‘buy’. The target price High/Low ranges between $110.00 and $82.00 and has a 
mean share price target at $98.04. (at the time of writing). Given that the stocks
previous close was at $95.92 this now indicates there is a potential upside of 2.2%.
Also worth taking note is the 50 day moving average now sits at $96.12 and the 200
day MA is $89.73. The market cap for the company is 39.17B. The current share price
for the company is: $96.87 USD

 The potential market cap would be $40,032,425,443 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 28, revenue per share of $34.95 and a 14.69% 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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