Cowen & Co. analyst Cai Rumohr reiterated a Buy rating on Otis Worldwide (NYSE:OTIS) on Monday, setting a price target of $64, which is approximately 14.20% above the present share price of $56.04.
Rumohr expects Otis Worldwide to post earnings per share (EPS) of $0.38 for the second quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Otis Worldwide, with an average price target of $56.43.
The analysts price targets range from a high of $64 to a low of $52.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.97 billion and a net profit of $332 million. The company's market cap is $24.27 billion.
According to TipRanks.com, Cowen & Co. analyst Cai Rumohr is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.0% and a 63.19% success rate.
Otis Worldwide Corp is an elevator and escalator manufacturing, installation and service company. The firm is organized into two segments namely New Equipment and Services. The New Equipment segment is engaged in designing, manufacturing, selling and installation of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings and infrastructure projects. The service segment involved in maintenance and repair services and also provide modernization services to upgrade elevators and escalators. It generates a majority of its revenue from the Service segment.