Why Otis Worldwide Corporation (OTIS)’s Most Recent Report Reveals Some Hints About Its Future


Otis Worldwide Corporation (NYSE:OTIS) went down by -1.04% from its latest closing price compared to the recent 1-year high of $66.00. The company’s stock price has collected -2.88% of loss in the last five trading sessions. Press Release reported on 10/09/20 that Otis Third Quarter 2020 Earnings Advisory

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Is It Worth Investing in Otis Worldwide Corporation (NYSE :OTIS) Right Now?

Otis Worldwide Corporation (NYSE:OTIS) scored a price-to-earnings ratio above its average ratio, recording 29.89 x from its present earnings ratio. Opinions of the stock are interesting as 6 analysts out of 12 who provided ratings for Otis Worldwide Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”

The average price from analysts is $68.67, which is $3.16 above the current price. OTIS currently public float of 433.04M and currently shorts hold a 1.07% ratio of that float. Today, the average trading volume of OTIS was 2.05M shares.

OTIS’s Market Performance

OTIS stocks went down by -2.88% for the week, with a monthly jump of 4.48% and a quarterly performance of 7.89%. The volatility ratio for the week stands at 1.97% while the volatility levels for the past 30 days are set at 2.22% for Otis Worldwide Corporation. The simple moving average for the period of the last 20 days is -0.11% for OTIS stocks with a simple moving average of 12.82% for the last 200 days.

Analysts’ Opinion of OTIS

HSBC Securities, on the other hand, stated in their research note that they expect to see OTIS reach a price target of $44. The rating they have provided for OTIS stocks is “Reduce” according to the report published on June 29th, 2020.

Argus gave a rating of “Buy” to OTIS, setting the target price at $72 in the report published on June 18th of the current year.

OTIS Trading at 1.14% from the 50-Day Moving Average

After a stumble in the market that brought OTIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.45% of loss for the given period.

Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +5.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.01% lower at present.

During the last 5 trading sessions, OTIS fell by -2.88%, in comparison to the 20-day moving average, which settled at $63.96. In addition, Otis Worldwide Corporation saw 40.82% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at OTIS starting from Zheng Peiming, who sale 54 shares at the price of $63.21 back on Aug 03. After this action, Zheng Peiming now owns 0 shares of Otis Worldwide Corporation, valued at $3,398 using the latest closing price.

KEARNEY CHRISTOPHER J, the Executive Chairman of Otis Worldwide Corporation, purchase 1,926 shares at $51.88 during a trade that took place back on May 11, which means that KEARNEY CHRISTOPHER J is holding 2,797 shares at $99,919 based on the most recent closing price.

Stock Fundamentals for OTIS

Current profitability levels for the company are sitting at:

  • +14.42 for the present operating margin
  • +29.17 for the gross margin

The net margin for Otis Worldwide Corporation stands at +8.51. The total capital return value is set at 73.79, while invested capital returns managed to touch 61.07.

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Based on Otis Worldwide Corporation (OTIS), the company’s capital structure generated 32.94 points at debt to equity in total, while total debt to capital is 24.78. Total debt to assets is 5.78, with long-term debt to equity ratio resting at 22.71. Finally, the long-term debt to capital ratio is 17.08.

The receivables turnover for the company is 3.88 and the total asset turnover is 1.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.

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