Otis Worldwide Corporation (OTIS, Financial) has announced an 8% increase in its quarterly dividend, raising it to 42 cents per share. This adjusted dividend will be distributed to shareholders on June 6. To be eligible for this payment, investors must be recorded as shareholders by the end of business on May 16.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Otis Worldwide Corp (OTIS, Financial) is $98.96 with a high estimate of $109.00 and a low estimate of $90.00. The average target implies an upside of 0.01% from the current price of $98.95. More detailed estimate data can be found on the Otis Worldwide Corp (OTIS) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Otis Worldwide Corp's (OTIS, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Otis Worldwide Corp (OTIS, Financial) in one year is $95.47, suggesting a downside of 3.52% from the current price of $98.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Otis Worldwide Corp (OTIS) Summary page.
