Oshkosh (NYSE:OSK) Price Target Cut to $119.00 by Analysts at Deutsche Bank Aktiengesellschaft

Oshkosh (NYSE:OSKGet Rating) had its price objective cut by equities researchers at Deutsche Bank Aktiengesellschaft from $136.00 to $119.00 in a report released on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 22.86% from the stock’s previous close.

OSK has been the subject of a number of other reports. Robert W. Baird downgraded shares of Oshkosh from an “outperform” rating to a “neutral” rating and set a $92.00 price target for the company. in a research note on Friday, April 8th. StockNews.com started coverage on shares of Oshkosh in a research note on Thursday, March 31st. They issued a “hold” rating for the company. DA Davidson initiated coverage on shares of Oshkosh in a research note on Friday, December 17th. They issued a “neutral” rating and a $118.00 price target for the company. KeyCorp upped their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, January 27th. Finally, Raymond James upped their price objective on shares of Oshkosh from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, January 13th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $126.59.

Shares of NYSE:OSK opened at $96.86 on Thursday. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 0.55 and a beta of 1.39. The company has a 50-day moving average price of $107.04 and a 200-day moving average price of $109.88. The company has a current ratio of 2.05, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. Oshkosh has a 12 month low of $93.06 and a 12 month high of $137.47.

Oshkosh (NYSE:OSKGet Rating) last issued its quarterly earnings data on Wednesday, January 26th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.10). Oshkosh had a net margin of 5.15% and a return on equity of 10.32%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company posted $1.13 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. As a group, research analysts forecast that Oshkosh will post 6.33 EPS for the current fiscal year.

In other news, SVP Thomas P. Hawkins sold 3,500 shares of the stock in a transaction that occurred on Monday, January 31st. The shares were sold at an average price of $112.47, for a total transaction of $393,645.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

A number of hedge funds have recently modified their holdings of OSK. Alliancebernstein L.P. boosted its holdings in Oshkosh by 56.3% in the fourth quarter. Alliancebernstein L.P. now owns 3,301,460 shares of the company’s stock worth $372,108,000 after purchasing an additional 1,189,732 shares during the last quarter. Norges Bank bought a new position in Oshkosh in the fourth quarter worth approximately $76,742,000. Boston Partners raised its position in Oshkosh by 21.0% in the third quarter. Boston Partners now owns 3,142,525 shares of the company’s stock worth $321,730,000 after acquiring an additional 545,107 shares during the period. Deutsche Bank AG raised its position in Oshkosh by 457.1% in the third quarter. Deutsche Bank AG now owns 453,889 shares of the company’s stock worth $46,464,000 after acquiring an additional 372,419 shares during the period. Finally, Millennium Management LLC raised its position in Oshkosh by 914.1% in the third quarter. Millennium Management LLC now owns 287,344 shares of the company’s stock worth $29,415,000 after acquiring an additional 259,008 shares during the period. Institutional investors own 96.47% of the company’s stock.

About Oshkosh (Get Rating)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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