UBS Group Raises Oshkosh (NYSE:OSK) Price Target to $119.00

Oshkosh (NYSE:OSK) had its price objective lifted by UBS Group from $99.00 to $119.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 16.52% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. KeyCorp decreased 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. Evercore ISI upped their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Truist Financial decreased their price target on Oshkosh from $94.00 to $93.00 and set a “hold” rating on the stock in a research report on Thursday, May 1st. Raymond James upped their price target on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Bank of America upped their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.21.

Oshkosh Trading Up 2.0%

NYSE:OSK opened at $102.13 on Friday. Oshkosh has a 1 year low of $76.82 and a 1 year high of $119.05. The stock’s fifty day moving average price is $90.77 and its two-hundred day moving average price is $98.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a market cap of $6.57 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.45 and a beta of 1.37.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $2.89 earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, analysts expect that Oshkosh will post 10.96 EPS for the current year.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its stake in Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Oshkosh in the third quarter worth about $532,000. Assenagon Asset Management S.A. lifted its stake in shares of Oshkosh by 29.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock valued at $29,675,000 after acquiring an additional 71,911 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Oshkosh by 6.9% in the 4th quarter. Merit Financial Group LLC now owns 4,040 shares of the company’s stock valued at $384,000 after acquiring an additional 259 shares during the last quarter. Finally, Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.6% in the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock valued at $242,629,000 after acquiring an additional 15,622 shares during the last quarter. 92.36% of the stock is currently 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.