Analysts see the Otis Worldwide Corporation (OTIS) stock as better bet to trade as they estimated $53.67 price target for the stock that may be achievable in one year time period. The stock price target is upside to current share price of $50.91. Investors could set buy and sell price points around target prices to maximize returns. Research analysts often publish stock price targets along with buy-sell recommendations. However, investors can and should determine their own price targets for entering and exiting stock positions.
With upside potential target price move of 5.42% comparing to current price, stock can be highly risky or profitable so need to be careful here. Analysts have set a Buy rating on stock with 2.5 mean recommendation. However, few traders solely rely on analysts’ opinion to trade instead of careful review on stock. Analysts’ opinion on stock can be helpful to initiate simple analysis.
Some Investors also rely on moving averages to the price trend for longer time periods. The stock is trading 9.18% from SMA of 20 days and standing 10.67% away from SMA of 50 days while moved 10.67% away from SMA of 200 days.
When seeing the longer performance trend, Otis Worldwide Corporation (OTIS) stock managed to keep 7.25% return for the weekly session and noted performance of 1.82% for monthly period. The stock is showing a move of 12.51% so far this year .
The stock revealed 33.97% change to a low over the previous 12 months and revealed move of -1.59% to a high over the same period.
The Company earnings annual growth projected to reach 1.80% for next 5 years. Looking a yearly overview, the company earnings growth estimated to achieve 12.80% growth for next year.
Otis Worldwide Corporation (OTIS) recorded a change of -0.47% to $50.91 on Thursday. The stock traded daily trading volume of 6115634 shares vs to average volume size of 6.38M shares. OTIS maintained activity of relative volume at 0.96.