Headquartered in Farmington, CT Fiscal year ends December NYSE: OTIS otis.com
Otis Worldwide Corporation manufactures, installs, services and modernizes elevators and escalators. It reports through two segments.
Service is about two-thirds of sales and includes maintenance and repair plus modernization of existing installed units. Otis maintains approximately 2.5 million customer units worldwide, which it describes as the industry's largest service portfolio.
New Equipment sells and installs new elevators and escalators for residential, commercial and infrastructure projects. Its key markets are the Americas, EMEA, Asia Pacific and China, where demand is currently declining.
The company moves about 2.5 billion people a day. It employs about 72,000 people, including 45,000 field professionals, and operates in more than 200 countries and territories. Otis is investing in field capability and AI-enabled pricing to drive Service growth, particularly in modernization. It has completed its UpLift restructuring and transformation program. It was spun off from United Technologies (now RTX) in 2020 and retains Tax Matters Agreement obligations to RTX. Updated
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Wednesday's top analyst upgrades and downgrades included Applied Digital, Emerson Electric, Gaming and Leisure Properties, HP, Otis Worldwide, QuantumScape, SunPower and Verizon Communications.
Tuesday's top analyst upgrades and downgrades included Apple, Baidu, Biogen, Comcast, Danaher, Estee Lauder, Exxon Mobil, General Motors, Otis Worldwide, Principal Financial and Zillow.
Friday's top analyst upgrades and downgrades included ADT, Costco Wholesale, CrowdStrike, Gilead Sciences, Liberty Global, Otis Worldwide, PagSeguro Digital, Palo Alto Networks, Salesforce, Sunrun, Synchrony Financial and Zscaler.
Friday's top analyst upgrades and downgrades included Agilent Technologies, Bunge, Duolingo, Dynatrace, Emerson Electric, Kohl’s, Lamar Advertising, Oshkosh, Regions Financial, Splunk, Spotify, XPO Logistics and more.
Wednesday's top analyst upgrades and downgrades included Albemarle, Camping World, eBay, EOG Resources, Etsy, Global Payments, IMAX, JPMorgan Chase, MetLife, Otis Worldwide, Salesforce, Wayfair and Zillow.
Here is a preview of three companies set to report quarterly results before markets open on Monday.
Here's a preview of three companies set to report earnings before markets open on Monday.
Otis Worldwide Corporation manufactures, installs, services and modernizes elevators and escalators. It reports through two segments.
24/7 Wall St.'s 12-month price target for OTIS is $88.38, rated Buy. The Wall Street consensus target is $86.46. OTIS price prediction →
