Royal Bank Of Canada Issues Pessimistic Forecast for Otis Worldwide (NYSE:OTIS) Stock Price

Otis Worldwide (NYSE:OTIS) had its target price lowered by stock analysts at Royal Bank Of Canada from $110.00 to $105.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 34.95% from the stock’s previous close.

A number of other research firms have also recently commented on OTIS. Wells Fargo & Company reduced their price target on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Barclays reduced their price target on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Thursday. Wall Street Zen cut Otis Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. JPMorgan Chase & Co. cut Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 price target for the company. in a report on Friday, January 30th. Finally, UBS Group set a $105.00 price target on Otis Worldwide in a report on Thursday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $97.64.

Otis Worldwide Price Performance

Shares of NYSE OTIS opened at $77.80 on Thursday. The stock has a market capitalization of $30.01 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.48 and a beta of 1.05. The business has a 50-day moving average of $83.50 and a 200-day moving average of $87.28. Otis Worldwide has a fifty-two week low of $75.27 and a fifty-two week high of $101.42.

Otis Worldwide (NYSE:OTIS) last issued its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. On average, sell-side analysts expect that Otis Worldwide will post 4.14 EPS for the current year.

Insider Activity at Otis Worldwide

In other Otis Worldwide news, CEO Judith Fran Marks sold 56,107 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $90.89, for a total transaction of $5,099,565.23. Following the completion of the sale, the chief executive officer directly owned 231,072 shares in the company, valued at $21,002,134.08. This trade represents a 19.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Michael Patrick Ryan sold 1,182 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $90.06, for a total transaction of $106,450.92. Following the sale, the chief accounting officer owned 3,504 shares of the company’s stock, valued at $315,570.24. This trade represents a 25.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 158,013 shares of company stock valued at $14,337,635. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Otis Worldwide

Hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in Otis Worldwide during the third quarter worth approximately $26,000. Stance Capital LLC acquired a new stake in Otis Worldwide during the third quarter worth approximately $27,000. Camelot Portfolios LLC acquired a new stake in Otis Worldwide during the fourth quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in Otis Worldwide during the fourth quarter worth approximately $27,000. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Otis Worldwide in the third quarter valued at approximately $31,000. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Otis Worldwide News Roundup

Here are the key news stories impacting Otis Worldwide this week:

• Positive Sentiment: Management highlighted strong service revenue growth and reiterated fiscal‑year EPS guidance range (FY26: 4.200–4.240), signaling durable recurring revenue that supports longer‑term cash flow. Otis Worldwide Corp (OTIS) Q1 2026 Earnings Call Highlights: Strong Service Growth and …
• Positive Sentiment: Company reported sales growth driven by services, and some outlets flagged that Otis lifted its sales outlook, which can support multiple expansion if margins recover. Otis tops revenue view, lifts sales outlook as shares rise
• Positive Sentiment: Otis remains on dividend roundups as an income name, a signal to yield‑focused investors that cash return remains part of the thesis. Dividend Roundup: Otis Worldwide, Eaton, AGNC Invest, Morgan Stanley, and more
• Neutral Sentiment: Royal Bank of Canada trimmed its price target from $110 to $105 but kept an “outperform” rating — a cautious vote of confidence that still signals upside versus current levels. Royal Bank Of Canada price target change
• Neutral Sentiment: Earnings materials and call slides provide detail on backlog, service mix and regional dynamics; useful for modeling but not a market mover by itself. Otis Worldwide Corporation 2026 Q1 – Results – Earnings Call Presentation
• Negative Sentiment: Analysts and commentators flagged persistent margin pressure from labor and materials; Seeking Alpha calls out lackluster margin progress as a notable headwind that could limit earnings upside. Otis Worldwide: Lackluster Margin Progress Is A Notable Headwind
• Negative Sentiment: Company warned of tariff exposure and shipment delays related to the Middle East conflict, which pose short‑term cost and delivery risks for equipment sales and could pressure near‑term margins. Elevator maker Otis flags tariff hit, shipment delays amid Middle East conflict

Otis Worldwide Company Profile

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.