Oshkosh’s (OSK) “Buy” Rating Reiterated at Citigroup

Oshkosh (NYSE:OSK)‘s stock had its “buy” rating restated by research analysts at Citigroup in a note issued to investors on Tuesday, Marketbeat reports. They currently have a $130.00 price objective on the stock, up from their previous price objective of $125.00. Citigroup’s price target suggests a potential upside of 18.33% from the company’s current price.

Several other equities research analysts have also recently issued reports on OSK. JPMorgan Chase & Co. lifted their target price on shares of Oshkosh from $92.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, June 6th. DA Davidson lowered their price target on shares of Oshkosh from $120.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group reiterated a “hold” rating on shares of Oshkosh in a report on Friday, June 6th. The Goldman Sachs Group lowered their target price on Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, Evercore ISI upped their price target on Oshkosh from $137.00 to $147.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and a consensus price target of $122.07.

Oshkosh Trading Down 0.6%

Shares of Oshkosh stock opened at $109.86 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. Oshkosh has a twelve month low of $76.82 and a twelve month high of $118.39. The firm has a market capitalization of $7.07 billion, a PE ratio of 11.74, a P/E/G ratio of 1.61 and a beta of 1.41. The firm’s 50-day moving average price is $98.75 and its 200 day moving average price is $97.86.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. Oshkosh’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.89 EPS. On average, sell-side analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

Several large investors have recently made changes to their positions in OSK. Synovus Financial Corp increased its holdings in Oshkosh by 0.4% in the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company’s stock valued at $2,886,000 after purchasing an additional 106 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Captrust Financial Advisors lifted its stake in Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company’s stock worth $310,000 after purchasing an additional 122 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after buying an additional 127 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

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.