JPMorgan Chase & Co. Has Lowered Expectations for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target cut by investment analysts at JPMorgan Chase & Co. from $117.00 to $100.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.41% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. The Goldman Sachs Group cut their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Citigroup decreased their price objective on shares of Oshkosh from $130.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Evercore ISI increased their target price on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. KeyCorp reduced their price target on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group reduced their target price on Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.08.

Oshkosh Stock Down 1.2 %

OSK stock opened at $85.17 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $5.50 billion, a PE ratio of 8.23, a P/E/G ratio of 1.45 and a beta of 1.26. Oshkosh has a twelve month low of $76.82 and a twelve month high of $125.00. The stock’s 50 day moving average is $97.13 and its 200-day moving average is $100.87.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Sell-side analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Several large investors have recently modified their holdings of OSK. Blue Trust Inc. raised its position in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. CX Institutional acquired a new position in shares of Oshkosh in the 1st quarter worth approximately $28,000. Coppell Advisory Solutions LLC increased its position in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Finally, Hager Investment Management Services LLC bought a new position in shares of Oshkosh in the fourth quarter worth about $32,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.