Otis Shares On The Rise As Market Tailwinds Lift New Equipment Prospects [Seeking Alpha]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Seeking Alpha
Play 10min Summary Otis Worldwide Corporation's share price increased over 160% since its spin-off. Potential for a further increase due to market tailwinds, including China's $325 billion stimulus and FED's interest rate cuts. Despite a decline in new equipment sales, Otis improved earnings through its service segment, which has higher margins, and more controlled production costs. Weak cash flow and low liquidity ratios are a concern, but I expect improvement as equipment sales recover. JP Morgan's recent stake in Otis signals confidence in the company's ability to capitalize on the market tailwinds, supporting my Buy rating. Compassionate Eye Foundation/Rob Daly/DigitalVision via Getty Images Since its spin-off from United Technologies Corporation in April 2020, Otis Worldwide Corporation ( NYSE: OTIS ) has seen its share price increase by over 160%. Considering the market tailwinds driven by the Chinese $325 billion stimulus This article was written by Deep
Show less
Read more
Impact Snapshot
Event Time:
OTIS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OTIS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OTIS alerts
High impacting Otis Worldwide Corporation news events
Weekly update
A roundup of the hottest topics
OTIS
News
- Smart Elevator Market to Reach US$ 32.58 Billion by 2032 Driven by Rising Demand for Energy-efficient and Eco-Friendly Building Solutions | Research by S&S Insider [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Otis Appoints Nicolas Lopez as Managing Director of Southeast AsiaPR Newswire
- Otis Worldwide Co. (NYSE: OTIS) had its price target lowered by analysts at Wells Fargo & Company from $108.00 to $105.00. They now have an "equal weight" rating on the stock.MarketBeat
- Otis Declares Quarterly Dividend of $0.39 per SharePR Newswire
OTIS
Earnings
- 10/30/24 - Miss
OTIS
Sec Filings
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- 10/31/24 - Form 10-Q
- OTIS's page on the SEC website