Otis Worldwide (OTIS) Scheduled to Post Quarterly Earnings on Wednesday

Otis Worldwide (NYSE:OTIS) is scheduled to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Otis Worldwide to post earnings of $0.97 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Otis Worldwide Trading Down 1.2 %

NYSE:OTIS opened at $101.26 on Monday. The stock’s 50-day moving average is $98.48 and its 200-day moving average is $96.79. Otis Worldwide has a 1-year low of $75.16 and a 1-year high of $106.33. The stock has a market cap of $40.94 billion, a P/E ratio of 29.27 and a beta of 1.03.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wolfe Research cut shares of Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and issued a $110.00 price objective on shares of Otis Worldwide in a report on Thursday, September 19th. Morgan Stanley started coverage on Otis Worldwide in a report on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price on the stock. Wells Fargo & Company increased their price target on Otis Worldwide from $95.00 to $108.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Barclays lifted their price objective on Otis Worldwide from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $102.71.

Otis Worldwide Company Profile

Otis Worldwide Corporation engages in 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.