6 stories mentioning OTIS
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Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $93.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $93.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $78.45, Change: $+0.50, Percent Change: +0.64%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.
Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $94.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $78.67, Change: $-0.82, Percent Change: -1.03%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:OTIS posted Q1 operating EPS of $0.89, missing consensus by $0.01, with net sales rising 6% to $3.566B (+1% organic). Service sales grew 11% to $2.4B (+5% organic), led by repair services expanding 16%, while New Equipment declined 1% to $1.1B (-5% organic), pressured by 20%+ China weakness. We believe the market shift toward optimizing current assets over new equipment installation supports OTIS's service-driven model, with modernization backlog expanding 32% and providing future revenue visibility. Management indicated efforts to reverse margin compression, though recovery may take time, in our view. Service margins contracted 160 bps to 23% due to higher labor costs and growth investments, while New Equipment margins compressed 240 bps to 3.3% from volume declines and pricing deflation. We expect the Service segment's resilient fundamentals and growing backlog to support future performance despite near-term margin headwinds.
Otis Worldwide (OTIS) has an average rating of overweight and mean price target of $99.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)