Wall Street Zen Upgrades Oshkosh (NYSE:OSK) to “Buy”

Oshkosh (NYSE:OSK) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other equities research analysts have also weighed in on the stock. Sanford C. Bernstein lifted their target price on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday. Morgan Stanley raised their target price on shares of Oshkosh from $136.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Argus cut their target price on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Wells Fargo & Company began coverage on shares of Oshkosh in a research note on Thursday, November 13th. They issued an “overweight” rating and a $144.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and an average price target of $149.56.

Oshkosh Stock Up 1.5%

Shares of NYSE:OSK opened at $130.38 on Friday. The stock’s 50-day moving average is $128.21 and its 200 day moving average is $127.82. The company has a market cap of $8.25 billion, a PE ratio of 12.72, a P/E/G ratio of 1.62 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. Oshkosh has a 1 year low of $76.82 and a 1 year high of $144.30.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the firm earned $2.93 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Sell-side analysts anticipate that Oshkosh will post 10.96 EPS for the current year.

Institutional Trading of Oshkosh

Several hedge funds have recently modified their holdings of the company. Cresset Asset Management LLC bought a new stake in shares of Oshkosh in the 1st quarter valued at approximately $213,000. Raymond James Financial Inc. lifted its holdings in shares of Oshkosh by 6.8% in the 1st quarter. Raymond James Financial Inc. now owns 95,095 shares of the company’s stock worth $8,947,000 after buying an additional 6,032 shares during the period. Brooklyn Investment Group grew its holdings in Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock worth $67,000 after acquiring an additional 370 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Oshkosh by 2.9% during the first quarter. Northern Trust Corp now owns 674,682 shares of the company’s stock valued at $63,474,000 after purchasing an additional 19,118 shares in the last quarter. Finally, Candriam S.C.A. purchased a new stake in Oshkosh during the first quarter worth $264,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.