Oshkosh Co. (NYSE:OSK) Receives Average Rating of “Hold” from Brokerages

Shares of Oshkosh Co. (NYSE:OSKGet Rating) have earned an average rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $114.29.

A number of analysts have recently commented on the company. Morgan Stanley dropped their price target on Oshkosh from $144.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, April 18th. Credit Suisse Group dropped their price target on Oshkosh from $134.00 to $111.00 in a research report on Thursday, April 28th. Evercore ISI cut Oshkosh from an “outperform” rating to an “in-line” rating and set a $124.00 price target on the stock. in a research report on Tuesday, February 15th. Bank of America cut Oshkosh from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $103.00 to $92.00 in a research report on Friday, May 13th. Finally, Zacks Investment Research lowered shares of Oshkosh from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a report on Monday, May 2nd.

Shares of NYSE:OSK opened at $92.61 on Friday. Oshkosh has a 1 year low of $85.39 and a 1 year high of $133.98. The company has a market cap of $6.09 billion, a PE ratio of 20.91, a P/E/G ratio of 0.58 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.76 and a quick ratio of 1.13. The stock’s 50-day moving average is $96.27 and its 200 day moving average is $107.03.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Friday, May 13th were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. Oshkosh’s payout ratio is 33.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its holdings in Oshkosh by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the company’s stock worth $1,984,000 after purchasing an additional 100 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Oshkosh by 2.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,897 shares of the company’s stock worth $552,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Oshkosh by 0.5% during the 3rd quarter. Arizona State Retirement System now owns 18,691 shares of the company’s stock worth $1,913,000 after acquiring an additional 102 shares in the last quarter. Rothschild Investment Corp IL raised its holdings in shares of Oshkosh by 2.1% during the 1st quarter. Rothschild Investment Corp IL now owns 5,074 shares of the company’s stock worth $510,000 after acquiring an additional 102 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Oshkosh by 5.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,036 shares of the company’s stock worth $229,000 after acquiring an additional 113 shares in the last quarter. 94.89% of the stock is currently owned by institutional investors.

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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