More and more people are talking about Otis Worldwide over the last few weeks. Is it worth buying the Consumer Electronics stock at a price of $86.02? Only time will tell. The information below will give you a basic idea of what this investment may entail:
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Otis Worldwide has moved 9.0% over the last year, and the S&P 500 logged a change of 17.0%
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OTIS has an average analyst rating of buy and is -3.45% away from its mean target price of $89.09 per share
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Its trailing earnings per share (EPS) is $3.31
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Otis Worldwide has a trailing 12 month Price to Earnings (P/E) ratio of 26.0 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $3.83 and its forward P/E ratio is 22.5
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Otis Worldwide is part of the Technology sector, which has an average P/E ratio of 35.0 and an average P/B of 7.92
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OTIS has reported YOY quarterly earnings growth of 18.2% and gross profit margins of 0.3%
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The company has a free cash flow of $1.37 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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Otis Worldwide Corporation engages in the manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.
