Otis Worldwide's analyst price target has been revised upward by $1.00 to $102.29, as analysts cite slightly stronger revenue growth and improved profit margins as reasons for the adjustment.
What's in the News
- Otis completed the repurchase of 7,528,000 shares, representing 1.91% for $699.97 million, as part of its buyback program announced on January 16, 2025 (Buyback Tranche Update).
- Otis India secured a major agreement with My Home Group to install 169 high-speed elevator systems across three luxury residential projects in Hyderabad (Client Announcements).
- The company launched Arise MOD Prime and Arise MOD Plus elevator modernization packages in Europe, targeting upgrades for outdated systems in low- to mid-rise buildings with enhanced safety, performance, and energy efficiency (Product-Related Announcements).
- Otis was selected by Singapore’s Land Transport Authority to provide 336 escalators, moving walkways, and 186 Gen3 elevators for the new Cross Island MRT Line, further expanding the company’s footprint in the region’s public transport infrastructure (Client Announcements).
- Otis will supply and install 265 Gen2 Prime elevator systems for Mountain View Real Estate Development’s projects in New Cairo and 6th of October City, featuring stainless steel finishes and modern designs (Client Announcements).
Valuation Changes
- The Fair Value Estimate has risen slightly from $101.29 to $102.29 per share.
- The Discount Rate has increased from 8.64% to 8.74%.
- The Revenue Growth projection has improved from 4.93% to 5.23%.
- The Net Profit Margin is up marginally from 12.02% to 12.10%.
- The Future P/E Ratio has declined from 24.55x to 23.53x.
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