Added to YB: 2024-04-03
Pitch date: 2024-03-31
OTIS [bullish]
Otis Worldwide Corporation
-7.92%
current return
Author Info
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Company Info
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally.
Market Cap
$34.3B
Pitch Price
$96.18
Price Target
150.00 (+70%)
Dividend
1.91%
EV/EBITDA
15.50
P/E
25.99
EV/Sales
2.94
Sector
Machinery
Category
growth
$OTIS: To Go Unnoticed
OTIS: Aims for double-digit EPS growth through 2028 driven by mid-single-digit Service sales, expanding margins (40-50bps/yr), and $8B capital return despite flat New Equipment sales. Modernization addressable market doubling provides further upside. $150 price target for 2025.
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