With 1.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. The 52-week range on OTIS shows that it touched its highest point at $106.33 and its lowest point at $90.12 during that stretch. It currently has a 1-year price target of $102.67. With its current market cap of 39.27 billion, OTIS has annualized dividend of $1.56 while the current yield stands at 1.58%. Beta for the stock currently stands at 0.96.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OTIS was up-trending over the past week, with a rise of 2.37%, but this was up by 3.70% over a month. Three-month performance dropped to -0.07% while six-month performance rose 6.87%. The stock gained 8.54% in the past year, while it has gained 6.93% so far this year. A look at the trailing 12-month EPS for OTIS yields 4.07 with Next year EPS estimates of 4.52. For the next quarter, that number is 0.91. This implies an EPS growth rate of 6.57% for this year and 10.79% for next year. EPS is expected to grow by 9.43% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.56%.
Float and Shares Shorts:
At present, 397.60 million OTIS shares are outstanding with a float of 395.86 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OTIS since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.85519 being high and $3.83521 being low. For OTIS, this leads to a yearly average estimate of $3.8452. Based on analyst estimates, the high estimate for the next quarter is $1.05 and the low estimate is $1.02. The average estimate for the next quarter is thus $1.04.
