How to Buy Otis Worldwide Stock
Otis Worldwide Corp
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators worldwide. The company operates through two segments, New Equipment and Service.
Otis Worldwide stock last closed at $93.02, down 0.37% from the previous day, and has increased 12.55% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.18 percentage points. Otis Worldwide stock is currently +26.87% from its 52-week low of $73.32, and -7.3% from its 52-week high of $100.35.
At the moment, there are 404.32M shares of OTIS outstanding. The market capitalization of OTIS is $37.61B. In the last 24 hours, 2.22M OTIS shares were traded.
How to Buy Otis Worldwide Stock
Not sure how to invest in Otis Worldwide stock? Here's how.
- Choose where to buy Otis Worldwide stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Otis Worldwide stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Analyze Otis Worldwide stock: The Otis Worldwide ticker symbol is OTIS. Is Otis Worldwide stock a good investment? Should you buy shares of OTIS? How do OTIS's underlying business fundamentals look? Do top analysts think Otis Worldwide is a good buy? Why has OTIS's stock price moved recently? (Hint: Our stock research website can help you evaluate if OTIS is a good stock to buy).
- Make your OTIS purchase: Decide if you will purchase OTIS shares at the current market price or use a limit order to purchase OTIS shares at a specific price.
- Get updates on your OTIS position: Create a watchlist to get the latest news on your investment in Otis Worldwide stock.
Step 1: Choose where to buy Otis Worldwide stock
You need a brokerage account to access the NYSE market and buy OTIS shares.
Our recommended brokerage: eToro
We believe that eToro is the best place to buy stocks. Here's why:
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- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal info so you can invest in OTIS stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new brokerage account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have created your account on the best stock trading app, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Analyze Otis Worldwide stock
Once you have chosen the best place to buy Otis Worldwide stock, it's very important to evaluate their stock prior to investing, so you can comprehend the risk and opportunity.
Otis Worldwide Numbers
Otis Worldwide Zen Score
WallStreetZen was created to help average investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on OTIS's stock page.
Is OTIS stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge OTIS's true value.
Using relative valuations ratios:
- OTIS could be undervalued based on its P/E ratio of 26.65x, relative to Specialty Industrial Machinery industry P/E ratio of 32.94x
- OTIS could be undervalued based on its PEG ratio of 0.48x
You can do additional valuation analysis on OTIS's stock here.
Is OTIS a healthy company?
Passed Financial Due Diligence Checks:
- OTIS's operating cash flow of $1.52B allows it to safely service it's debt of $7.17B.
- OTIS profit margin has gone up from 9.3% to 10% in the past year.
- OTIS earnings of $2.12B is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the OTIS balance sheet.
- Total OTIS debt is still negative.
- There are more short-term liabilities than short-term assets on the OTIS balance sheet.
- OTIS debt to equity ratio of -2.91 is negative.
Is it a good time to buy Otis Worldwide stock, according to Wall Street analysts?
Out of 6 Equities analysts who give forecasts on OTIS, the consensus analyst rating on Otis Worldwide is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest OTIS Analyst Ratings
Nicholas Housden, a bottom 38% analyst from RBC Capital reiterates OTIS with a buy rating and maintains their OTIS price target from $100.00 to $100.00, on Feb 5, 2024.
You can dig deeper into what analysts are forecasting on the Otis Worldwide stock forecast page.
OTIS Trading Indicators
OTIS Performance Numbers
Last year, OTIS earnings were $1.43B. In the last three year, OTIS's earnings have increased by 76.18% per year. This was faster than the Specialty Industrial Machinery industry average of -0.26%.
Last year, OTIS revenue was $14.30B. In the last four year, OTIS's revenue has grown by 2.44% per year. This was slower than the Specialty Industrial Machinery industry average of 3.95%.
Dive into OTIS's earnings and revenue performance here.
Are OTIS executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at OTIS have sold more shares than they have bought.
Peiming Zheng, EVP Chief Product Delivery of OTIS, was the latest OTIS insider to sell. They sold $13,395.20 worth of OTIS shares on Mar 1, 2024.
Dig into more about who owns OTIS shares here.
Can I rely on OTIS as an income stream?
No, Otis Worldwide doesn't provide an income stream by paying out dividends.
What do other investors have to say about OTIS?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your OTIS purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, use a limit order.
Hit the Open button and eToro will place your order.
If you want more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your OTIS position
Now that you own some OTIS stock, you'll want to stay up-to-date on your new stock purchase.
Put OTIS on a watchlist to see the latest developments about your OTIS stock.
OTIS Feed
How to Buy Stock in Otis Worldwide
To reiterate, here are the 6 steps for buying Otis Worldwide stock:
- Choose where to buy Otis Worldwide stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Analyze Otis Worldwide stock
- Make your OTIS purchase
- Get updates on your OTIS position
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your investment in Otis Worldwide, hit the button below to create your watchlist.
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