Oshkosh (NYSE:OSK) Rating Lowered to Underperform at Bank of America

Oshkosh (NYSE:OSKGet Rating) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Friday, The Fly reports.

OSK has been the subject of several other reports. Morgan Stanley decreased their price target on shares of Oshkosh from $144.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, April 18th. Wells Fargo & Company decreased their price target on shares of Oshkosh from $117.00 to $104.00 in a research report on Thursday, April 28th. Evercore ISI lowered shares of Oshkosh from an “outperform” rating to an “in-line” rating and set a $124.00 price objective for the company. in a research report on Tuesday, February 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Oshkosh from $136.00 to $119.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Finally, Robert W. Baird lowered shares of Oshkosh from an “outperform” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $116.64.

OSK stock opened at $88.19 on Friday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 0.60 and a beta of 1.36. The firm has a 50-day simple moving average of $100.43 and a two-hundred day simple moving average of $108.72. Oshkosh has a one year low of $85.93 and a one year high of $137.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.76.

Oshkosh (NYSE:OSKGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.17 by $0.07. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Oshkosh had a net margin of 3.84% and a return on equity of 7.63%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 earnings per share. As a group, equities analysts predict that Oshkosh will post 5.49 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of OSK. Alliancebernstein L.P. grew its stake in shares of Oshkosh by 56.3% during the 4th 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 period. American Century Companies Inc. grew its stake in shares of Oshkosh by 58.2% during the 1st quarter. American Century Companies Inc. now owns 2,094,143 shares of the company’s stock worth $210,775,000 after purchasing an additional 770,298 shares during the period. Norges Bank acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $76,742,000. Millennium Management LLC grew its stake in shares of Oshkosh by 914.1% during the 3rd 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 during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Oshkosh during the 3rd quarter worth approximately $26,258,000. Institutional investors own 94.89% 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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