Oshkosh (NYSE:OSK) Stock Rating Upgraded by Wall Street Zen

Oshkosh (NYSE:OSK) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms also recently commented on OSK. Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective for the company in a report on Tuesday, February 3rd. Robert W. Baird set a $182.00 target price on Oshkosh in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and issued a $167.00 price objective on shares of Oshkosh in a research note on Friday, January 30th. Finally, Sanford C. Bernstein upped their price objective on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Trading Up 3.1%

Shares of OSK opened at $175.80 on Friday. The firm has a market cap of $11.00 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh has a 1 year low of $76.82 and a 1 year high of $180.49. The company has a 50 day simple moving average of $148.96 and a two-hundred day simple moving average of $137.97.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.Oshkosh’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 EPS. On average, equities analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Institutional Trading of Oshkosh

Several hedge funds and other institutional investors have recently bought and sold shares of OSK. Invesco Ltd. boosted its stake in Oshkosh by 20.4% during the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after buying an additional 300,766 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Oshkosh by 9.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,853 shares of the company’s stock valued at $1,112,000 after acquiring an additional 751 shares during the period. Caitlin John LLC lifted its holdings in shares of Oshkosh by 2,700.9% in the 4th quarter. Caitlin John LLC now owns 3,081 shares of the company’s stock worth $387,000 after acquiring an additional 2,971 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Oshkosh during the 4th quarter worth about $394,000. Finally, Empowered Funds LLC boosted its stake in shares of Oshkosh by 9.8% during the 4th quarter. Empowered Funds LLC now owns 51,762 shares of the company’s stock worth $6,503,000 after purchasing an additional 4,620 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.