Oshkosh (NYSE:OSK) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Oshkosh (NYSE:OSKGet Rating) from a hold rating to a buy rating in a research report released on Friday.

OSK has been the topic of several other research reports. JPMorgan Chase & Co. raised their price target on Oshkosh from $82.00 to $85.00 and gave the company a neutral rating in a report on Friday, October 28th. Morgan Stanley lowered their price target on Oshkosh from $105.00 to $98.00 and set an overweight rating on the stock in a report on Thursday, October 13th. The Goldman Sachs Group raised their price target on Oshkosh from $89.00 to $104.00 and gave the company a buy rating in a report on Friday, October 28th. KeyCorp raised their price objective on Oshkosh from $105.00 to $110.00 and gave the company an overweight rating in a report on Monday, August 22nd. Finally, UBS Group decreased their price objective on Oshkosh from $125.00 to $114.00 and set a buy rating on the stock in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh has an average rating of Hold and a consensus price target of $100.43.

Oshkosh Stock Performance

Shares of OSK opened at $92.69 on Friday. The stock’s 50-day simple moving average is $80.16 and its 200 day simple moving average is $84.13. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 67.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.08 and a current ratio of 1.81. Oshkosh has a 52-week low of $69.30 and a 52-week high of $125.16.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. Oshkosh’s dividend payout ratio is presently 108.03%.

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently made changes to their positions in the company. Systematic Financial Management LP boosted its position in shares of Oshkosh by 8.7% during the third quarter. Systematic Financial Management LP now owns 169,128 shares of the company’s stock valued at $11,888,000 after purchasing an additional 13,577 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Oshkosh by 17.5% during the third quarter. Royal Bank of Canada now owns 383,604 shares of the company’s stock valued at $26,963,000 after purchasing an additional 57,104 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Oshkosh during the third quarter valued at approximately $65,000. Cubist Systematic Strategies LLC boosted its position in shares of Oshkosh by 19.5% during the third quarter. Cubist Systematic Strategies LLC now owns 42,697 shares of the company’s stock valued at $3,001,000 after purchasing an additional 6,969 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Oshkosh by 483.3% during the third quarter. Guggenheim Capital LLC now owns 22,148 shares of the company’s stock valued at $1,557,000 after buying an additional 18,351 shares during the last quarter. 91.52% 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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Analyst Recommendations for Oshkosh (NYSE:OSK)

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