Otis Worldwide Corporation (OTIS) has lately been through difficult times, particularly in the China market, underperforming and hitting a
52-week low at $85.90. Despite this, the company has seen a series of
equity acquisitions from financially powerful institutions such as Natixis Advisors, Alberta Investment Management Corp, and Modera Wealth Management. Although the
Q2 results were disappointing with a 20% drop in sales in China, OTIS surpassed earnings expectations leading Analysts to update their forecasts. Consequently, its stock has experienced significant trading activity with a number of shares sold and purchased. The company declared a
quarterly dividend of $0.42 and received a new price target of $105.00 from the Royal Bank Of Canada. However, an ongoing investigation was announced for investors who faced losses with OTIS. Despite initial struggles, OTIS survived the turbulence successfully executing a
second quarter with mixed sentiments but strong service performance., while it suffers from flat growth on the new equipment side. Nevertheless, it managed to secure a contract to supply elevator systems for Arte Star in Kuala Lumpur which made the company shares rise by 1.32% intraday. Finally, OTIS is navigating dividend reliability and long-term growth in a fragmented Elevator Market.
Otis Worldwide Corporation OTIS News Analytics from Tue, 11 Mar 2025 07:00:00 GMT to Sat, 02 Aug 2025 22:23:03 GMT -
Rating -5
- Innovation 0
- Information 7
- Rumor -3
