Currently, there are 399.40M common shares owned by the public and among those 399.01M shares have been available to trade.
The company’s stock has a 5-day price change of -2.43% and -5.57% over the past three months. OTIS shares are trading 5.06% year to date (YTD), with the 12-month market performance up to 5.49% higher. It has a 12-month low price of $85.42 and touched a high of $106.33 over the same period. OTIS has an average intraday trading volume of 2.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.41%, -6.14%, and -3.59% respectively.
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Institutional ownership of Otis Worldwide Corp (NYSE: OTIS) shares accounts for 92.65% of the company’s 399.40M shares outstanding.
It has a market capitalization of $37.55B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 23.41, while the earnings-per-share (ttm) stands at $4.02. The company has a PEG of 2.34 and a Quick Ratio of 0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.88% over the week and 1.57% over the month.
Earnings per share for the fiscal year are expected to increase by 8.57%, and 8.40% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to 6.96% over the past 5-year period.
Looking at the support for the OTIS, a number of firms have released research notes about the stock. Wolfe Research stated their Underperform rating for the stock in a research note on December 12, 2024, with the firm’s price target at $104. Barclays coverage for the Otis Worldwide Corp (OTIS) stock in a research note released on December 05, 2024 offered a Underweight rating with a price target of $94. Morgan Stanley on their part issued Equal-Weight rating on September 06, 2024.
