Oshkosh (NYSE:OSK) Price Target Lowered to $104.00 at Wells Fargo & Company

Oshkosh (NYSE:OSKGet Rating) had its target price cut by equities research analysts at Wells Fargo & Company from $117.00 to $104.00 in a note issued to investors on Thursday, The Fly reports. Wells Fargo & Company‘s price target would indicate a potential upside of 10.31% from the company’s previous close.

OSK has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reduced their price target on Oshkosh from $136.00 to $119.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Evercore ISI cut Oshkosh from an “outperform” rating to an “in-line” rating and set a $124.00 price target for the company. in a report on Tuesday, February 15th. Morgan Stanley reduced their price target on Oshkosh from $144.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, April 18th. StockNews.com initiated coverage on Oshkosh in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Raymond James reduced their price objective on Oshkosh from $135.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $123.67.

Oshkosh stock opened at $94.28 on Thursday. Oshkosh has a twelve month low of $90.56 and a twelve month high of $137.47. The stock has a 50 day moving average of $103.62 and a two-hundred day moving average of $109.35. The company has a current ratio of 2.05, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.59 and a beta of 1.39.

Oshkosh (NYSE:OSKGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.16 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Oshkosh had a return on equity of 10.32% and a net margin of 5.15%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.48 EPS. Equities analysts predict that Oshkosh will post 6.25 earnings per share for the current year.

In other news, SVP Thomas P. Hawkins sold 3,500 shares of Oshkosh stock in a transaction on Monday, January 31st. The stock was sold at an average price of $112.47, for a total value of $393,645.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.64% of the company’s stock.

Several large investors have recently made changes to their positions in OSK. Alliancebernstein L.P. grew its position in shares of Oshkosh by 56.3% in the fourth quarter. Alliancebernstein L.P. now owns 3,301,460 shares of the company’s stock valued at $372,108,000 after purchasing an additional 1,189,732 shares during the period. Norges Bank purchased a new stake in Oshkosh during the fourth quarter valued at about $76,742,000. Boston Partners lifted its stake in shares of Oshkosh by 21.0% during the third quarter. Boston Partners now owns 3,142,525 shares of the company’s stock worth $321,730,000 after purchasing an additional 545,107 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Oshkosh by 457.1% during the third quarter. Deutsche Bank AG now owns 453,889 shares of the company’s stock worth $46,464,000 after purchasing an additional 372,419 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Oshkosh by 914.1% during the third quarter. Millennium Management LLC now owns 287,344 shares of the company’s stock worth $29,415,000 after purchasing an additional 259,008 shares in the last quarter. 96.47% of the stock is owned by institutional investors and hedge funds.

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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