Oshkosh (NYSE:OSK) PT Lowered to $111.00

Oshkosh (NYSE:OSKGet Rating) had its target price reduced by analysts at Credit Suisse Group from $134.00 to $111.00 in a research note issued to investors on Thursday, The Fly reports. Credit Suisse Group’s target price indicates a potential upside of 17.73% from the company’s previous close.

A number of other equities research analysts have also recently commented on OSK. StockNews.com initiated coverage on Oshkosh in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley reduced their price objective on Oshkosh from $144.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, April 18th. KeyCorp raised their price objective on Oshkosh from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, January 27th. Wells Fargo & Company reduced their price objective on Oshkosh from $117.00 to $104.00 in a research note on Thursday. Finally, Bank of America lowered Oshkosh from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Friday, January 7th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $120.80.

NYSE OSK opened at $94.28 on Thursday. The business has a 50 day simple moving average of $103.62 and a 200 day simple moving average of $109.35. Oshkosh has a one year low of $90.56 and a one year high of $137.47. The stock has a market capitalization of $6.30 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.59 and a beta of 1.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.05 and a quick ratio of 1.46.

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

In related 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 transaction of $393,645.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.64% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of OSK. National Bank of Canada FI bought a new stake in shares of Oshkosh in the fourth quarter valued at $25,000. O Shaughnessy Asset Management LLC raised its stake in shares of Oshkosh by 373.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 341 shares of the company’s stock valued at $35,000 after buying an additional 269 shares during the period. KRS Capital Management LLC bought a new stake in shares of Oshkosh in the fourth quarter valued at $35,000. Evolution Wealth Advisors LLC grew its position in shares of Oshkosh by 301.1% in the third quarter. Evolution Wealth Advisors LLC now owns 353 shares of the company’s stock valued at $36,000 after purchasing an additional 265 shares in the last quarter. Finally, JFS Wealth Advisors LLC purchased a new position in shares of Oshkosh in the third quarter valued at $43,000. Hedge funds and other institutional investors own 96.47% of the company’s stock.

Oshkosh Company Profile (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.

Read More

The Fly logo

Analyst Recommendations for Oshkosh (NYSE:OSK)

Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.