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 $88.09? 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 -14.7% over the last year, and the S&P 500 logged a change of 11.4%
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OTIS has an average analyst rating of buy and is -14.68% away from its mean target price of $103.25 per share
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Its trailing earnings per share (EPS) is $3.39
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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 29.3
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Its forward earnings per share (EPS) is $4.19 and its forward P/E ratio is 21.0
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Otis Worldwide is part of the Technology sector, which has an average P/E ratio of 30.44 and an average P/B of 4.19
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OTIS has reported YOY quarterly earnings growth of -29.1% and gross profit margins of 0.3%
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The company has a free cash flow of $1.52 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 manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates through 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. It sells its products directly to customers, as well as through agents and distributors. 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.
