Advertising
Showing 1 to 15 of 17 entries
BUY
Weighed by supply chain woes and rising costs as well as the flagging Chinese real estate market, but this morning they delivered a resilient report with much-stronger earnings margins, though slightly disappointing sales. Overall, numbers were better than expected, so shares rose today in a tough session. The bulk of their business comes from maintenance and service.
machinery
PARTIAL BUY

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.

machinery
COMMENT
They report Monday. We need to hear if there's a slowdown in business for them in China and how the US is holding up. The CEO's numbers have been super.
machinery
TOP PICK
Number one in elevators, a business she likes. Their services and equipment divisions are thriving. Services amounts to 55% of revenues but 80% of profits, high-margin with long-term contracts. Renewals are high. Will benefit from the recovery and building construction. A third of its installed base is 20 years old so those elevators will need servicing or upgrades. Trades at a discount to European peers. Pays an okay dividend. (Analysts’ price target is $92.31)
machinery
PAST TOP PICK
(A Top Pick Nov 12/20, Up 30%) The service component is much more profitable than the OEM portion, accounting for 80% of revenues, and so less cyclical. Problems with Chinese real estate has caused the pullback. The exposure in China is reasonable. Global company. Added client money on the pullback.
machinery
PAST TOP PICK
(A Top Pick Oct 15/20, Up 29%) Best in class company in an oligopolistic space. They do elevators. Has hit a high of $91. About 20% exposure to China. This same story has happened to one of their competitor. Service side business does go up as well.
machinery
PAST TOP PICK
(A Top Pick May 13/20, Up 66%) She likes the elevator space. The service side is very profitable. Their increasing their presence in China. After 25-30 years, elevators need to be refurbished, and we'll be seeing that in the UK especially. As offices and malls reopen, those elevators will need servicing.
machinery
BUY
Delivered a blow-out quarter today, with 18% growth across all geographies based on a global construction boom. Shares leapt 7% today.
machinery
PAST TOP PICK
(A Top Pick May 13/20, Up 49%) Almost an oligopoly. Very attractive business model. Profitable, recurring revenues. A much more defensive cyclical. Europe and China are growth areas. Reopening will increase service calls. Moving to digitization. Wait for a pullback to commit new money.
machinery
HOLD
It is a great company. The long driver here is the service side. It is a good business model. It has not moved much for the last 3 or 4 months as people move into the re-opening plays. He would feel comfortable holding this for the long term.
machinery
BUY
Today they delivered an earnings beat based on higher than expected sales and they forecast a strong 2021. And yet the stock barely budged. Wall Street is worried about the future of non-residential construction, but Otis gets the bulk of its business from servicing existing elevators and they offer a new product plan.
machinery
TOP PICK
Long-term growth. #1 with a 17% global share. Service contract side is very attractive, with very high margins. Service accounts for 57% of revenue, but 80% of profit. High renewal rate, long contracts. Defensive cashflow, more recession-resistant. Great upgrade cycle coming up. Yield is 1.21%. (Analysts’ price target is $69.30)
machinery
BUY
Contrary to what the market think, Otis is not a stimulus play. Rather Otis is levered more to Chinese elevator maintainance rather than American elevator construction. If Biden wins, then China-US tensions will relax and help Otis attract Chinese business.
machinery
TOP PICK
Four main players, but Otis has lots more emerging market exposure. EMs have come out of the pandemic faster. Covid will necessitate some technology changes, and those are in Otis' wheelhouse. Solid business with good margins for the long-term. Yield is 1.24%. (Analysts’ price target is $66.36)
machinery
BUY
Industrials have lagged, and if there's a recovery, we're going to see widespread participation. If you believe we're on that path, Otis would be a good way to play this.
machinery
Showing 1 to 15 of 17 entries

Otis Worldwide Corp.(OTIS-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Otis Worldwide Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Otis Worldwide Corp.(OTIS-N) Frequently Asked Questions

What is Otis Worldwide Corp. stock symbol?

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

Is Otis Worldwide Corp. a buy or a sell?

In the last year, 5 stock analysts published opinions about OTIS-N. 5 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..

Is Otis Worldwide Corp. a good investment or a top pick?

Otis Worldwide Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Otis Worldwide Corp..

Why is Otis Worldwide Corp. stock dropping?

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.

Is Otis Worldwide Corp. worth watching?

5 stock analysts on Stockchase covered Otis Worldwide Corp. In the last year. It is a trending stock that is worth watching.

What is Otis Worldwide Corp. stock price?

On 2022-05-19, Otis Worldwide Corp. (OTIS-N) stock closed at a price of $72.59.