Berenberg Bank analyst Joel Spungin maintained a Buy rating on Otis Worldwide (NYSE:OTIS) on Wednesday, setting a price target of $98, which is approximately 16.44% above the present share price of $84.16.
Spungin expects Otis Worldwide to post earnings per share (EPS) of $0.78 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Otis Worldwide, with an average price target of $89.
The analysts price targets range from a high of $98 to a low of $72.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $3.62 billion and a net profit of $542 million. The company's market cap is $35.75 billion.
According to TipRanks.com, Berenberg Bank analyst Joel Spungin is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.8% and a 71.23% success rate.
Otis Worldwide Corporation engages in designing, manufacturing, selling and installations of passenger and freight elevators, escalators and moving walkways for infrastructure projects, and residential and commercial buildings. It also provides maintenance and repair services, as well as modernization services for elevators and escalators.