Otis Worldwide Corporation manufactures, installs, and services elevators and escalators worldwide. The company operates through two segments, New Equipment and Service.
Otis Worldwide stock last closed at $96.39, up 1.69% from the previous day, and has increased 18.66% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.07 percentage points. Otis Worldwide stock is currently +31.46% from its 52-week low of $73.32, and -3.95% from its 52-week high of $100.35.
At the moment, there are 404.32M shares of OTIS outstanding. The market capitalization of OTIS is $38.97B. In the last 24 hours, 2.59M OTIS shares were traded.
How to Buy Otis Worldwide Stock
Not sure how to invest in Otis Worldwide stock? Here's how.
Choose where to buy Otis Worldwide stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Otis Worldwide stock.
Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
Deposit money your brokerage account: Select your method of payment and add your info.
Analyze Otis Worldwide stock: The Otis Worldwide ticker symbol is OTIS. Is Otis Worldwide stock a good investment? Should you buy shares of OTIS? How do OTIS's underlying business fundamentals look? Do top analysts think Otis Worldwide is a good buy? Why has OTIS's stock price moved recently? (Hint: Our stock research website can help you evaluate if OTIS is a good stock to buy).
Make your OTIS purchase: Decide if you will purchase OTIS shares at the current market price or use a limit order to purchase OTIS shares at a specific price.
Get updates on your OTIS position: Create a watchlist to get the latest news on your investment in Otis Worldwide stock.
Step 1: Choose where to buy Otis Worldwide stock
You need a brokerage account to access the NYSE market and buy OTIS shares.
A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.
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Step 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal info so you can invest in OTIS stock today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Analyze Otis Worldwide stock
Once you have chosen the best place to buy Otis Worldwide stock, it's very important to evaluate their stock prior to investing, so you can comprehend the risk and opportunity.
Otis Worldwide Numbers
OTIS Price
$96.39
1w %
-0.76%
1y %
18.66%
5y %
N/A
P/E
27.62x
P/B
-7.76x
P/S
2.73x
PEG
0.5x
Revenue
$14.30B
Earnings
$1.43B
Fore. Rev. Growth
3.94%
Fore. Earn. Growth
N/A
Market Cap
$38.97B
Next Earnings
Jul 24, 2024
Next Dividend
N/A
Otis Worldwide Zen Score
WallStreetZen was created to help average investors do more in-depth fundamental analysis.
OTIS's operating cash flow of $1.52B allows it to safely service it's debt of $7.17B.
OTIS profit margin has gone up from 9.3% to 10% in the past year.
OTIS earnings of $2.12B is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
There are more long-term liabilities than short-term assets on the OTIS balance sheet.
Total OTIS debt is still negative.
There are more short-term liabilities than short-term assets on the OTIS balance sheet.
OTIS debt to equity ratio of -2.91 is negative.
Is it a good time to buy Otis Worldwide stock, according to Wall Street analysts?
Out of 6 Equities analysts who give forecasts on OTIS, the consensus analyst rating on Otis Worldwide is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest OTIS Analyst Ratings
Nicholas Housden, a bottom 44% analyst from RBC Capital reiterates OTIS with a buy rating and maintains their OTIS price target from $100.00 to $100.00, on Feb 5, 2024.
Last year, OTIS earnings were $1.43B. In the last three year, OTIS's earnings have increased by 76.18% per year. This was faster than the Specialty Industrial Machinery industry average of -0.12%.
Last year, OTIS revenue was $14.30B. In the last four year, OTIS's revenue has grown by 2.44% per year. This was slower than the Specialty Industrial Machinery industry average of 4.01%.
No, Otis Worldwide doesn't provide an income stream by paying out dividends.
What do other investors have to say about OTIS?
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Step 5: Make your OTIS purchase
You have two primary order types:
Market order: A market order is an order to buy or sell a stock at the best price on the market. Market orders are usually the best for newer investors.
Limit order: A limit order enables you to buy or sell a security at a specific price (or better). If you want to make sure you're buying or selling at a specific dollar amount limit, use a limit order.
Hit the Open button and eToro will place your order.
If you want more assistance investing in stocks on eToro, watch the helpful video below:
How much does it cost to buy one Otis Worldwide share?
As of May 30, 2024, it costs $96.39 to buy one share of Otis Worldwide stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.104 shares of OTIS.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.