Added to YB: 2024-02-02
Pitch date: 2024-02-02
OTIS [bullish]
Otis Worldwide Corporation
-9.83%
current return
Author Info
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Company Info
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.
Market Cap
$30.0B
Pitch Price
$86.63
Price Target
131.00 (+68%)
Dividend
2.18%
EV/EBITDA
13.60
P/E
22.02
EV/Sales
2.60
Sector
Machinery
Category
growth
Show full summary:
Otis: Steady Rise Continued in Q4, Macro Improving
OTIS: Q4 EPS +11.7% on growing maintenance & modernization despite macro headwinds. Service rev +6.8%, adj EBIT +9.7%. China 20% of sales (25% service) shows resilience. Sees solid 2024 maintenance growth, slowing new equip decline, Project Uplift gains. $131 2026 PT = 52% total return. Buy.
Read full article (7 min)