Stifel bumps Nvidia stock target, sees attractive valuation
Shares of Otis Worldwide Corp (NYSE:OTIS) (market cap: $33.92B) reached a 52-week low, trading at $85.90. According to InvestingPro data, the stock’s RSI indicates oversold territory, while trading at a P/E ratio of 23.06. This milestone reflects a challenging period for the company, as it marks a significant downturn over the past year. The stock has experienced a 1-year change of -8.35%, indicating a decline in investor confidence and market performance. This drop comes amid broader market fluctuations and sector-specific challenges, with six analysts recently revising their earnings expectations downward. The company maintains a dividend yield of 1.94%, and InvestingPro analysis suggests the stock is currently trading below its Fair Value, making it one of many stocks covered in Pro’s comprehensive research reports.
In other recent news, Otis Worldwide Corporation reported its second-quarter earnings for 2025, showcasing a mixed performance. The company exceeded earnings per share expectations, posting an EPS of $1.05 against the forecasted $1.03. However, Otis fell short on revenue forecasts, reporting 3.6 billion dollars compared to the anticipated 3.7 billion dollars. This revenue shortfall represents a 2.7% miss from expectations. In addition to their financial performance, Otis announced that its Board of Directors declared a quarterly dividend of $0.42 per share of common stock. This dividend is set to be payable on September 5, 2025, to shareholders of record as of August 15, 2025. These recent developments highlight the company’s ongoing financial activities and decisions.
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