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Wall St. flat amid earnings, TSX fadesThis summary was created by AI, based on 5 opinions in the last 12 months.
Otis Worldwide Corp. is a part of a global oligopoly with a significant share of the market. Despite recent issues in China affecting demand, experts are optimistic about its rebound potential in the medium term and its strong position worldwide. The company has reported mixed quarters with cautionary comments on China, but some analysts view the current situation as a buying opportunity. Overall, Otis is seen as a strong player in the industry, with potential for growth.
They reported a small top and bottom line miss, and cut their full-year forecast due to weakness in China. Shares ran up before the quarter, and sold off 3% after so is only -6.5% from last month's all-time highs. A winner as central banks cut rates around the world.
They reported a mixed quarter today: light revenues, earnings beat a little and raised their full-year forecast. But shares slipped maybe on cautionary comments on China and lowered full-year equipment sales outlook. He's bullish. Now is a buying opportunity.
Today they reported a solid quarter and in-line guidance. Shares rallied at first, but closed lower with the rest of the market after Jay Powell's comments. That sell-off was a mistake.
Look at revenues and find out who's building office towers. Look at recurring revenues, because elevators often break down and need constant service. Kone is more European while Otis is global. If the USD falls, Otis will improve better. It comes down to the USD.
#1 in new equipment, with 19% market share. Global, over 70% of operations outside NA. Service side is very high margin. Package deal of elevator + service contract is about 60%, increasing over time. Aging elevators. Long-term, attractive growth. Yield is 1.6%.
(Analysts’ price target is $90.33)The worst sector is commercial real estate and yet Otis, which supplied these building elevators, is hitting 52-week highs. A lot of credit goes to the CEO.
Today, they reported a solid quarter: a modest top and bottom line beat, and strong and surprising organic growth. Shares have already rallied 32% from last fall's bottom, it popped another 2.8% today to make a new 52-week high. Wall Street remains bearish on non-residential construction, which benefits Otis.
She's likes the elevator industry; it's an oligopoly. The servicing side of the business has high, recurring margins. This would cushion the company if we enter weaker economic times. Last year saw growth for Otis in China. Also, elevators in Europe are aging, where Otis has a big slice of the market. Another tailwind is workers returning to offices and those buildings need elevators. Also, Otis is making their elevators go digital which helps servicing. Otis shares have pulled back with the market, but she would slowly add more shares.
Otis Worldwide Corp. is a American stock, trading under the symbol OTIS-N on the New York Stock Exchange (OTIS). It is usually referred to as NYSE:OTIS or OTIS-N
In the last year, 4 stock analysts published opinions about OTIS-N. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Otis Worldwide Corp..
Otis Worldwide Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Otis Worldwide Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Otis Worldwide Corp. In the last year. It is a trending stock that is worth watching.
On 2024-12-13, Otis Worldwide Corp. (OTIS-N) stock closed at a price of $97.79.
Part of a global oligopoly, with ~20% share of the global market. Very large installed base, and margin for servicing elevators is about 3x that of selling the elevators. Recent issues from demand in China, should rebound medium term. Still, it's in a great position worldwide. 24x PE, attractive. Yield is 1.5%.
(Analysts’ price target is $103.69)