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..
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4 stock analysts on Stockchase covered Otis Worldwide Corp. In the last year. It is a trending stock that is worth watching.
On 2023-03-23, Otis Worldwide Corp. (OTIS-N) stock closed at a price of $80.28.
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.