JPMorgan Chase & Co. Issues Pessimistic Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price objective cut by research analysts at JPMorgan Chase & Co. from $182.00 to $158.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 4.09% from the stock’s previous close.

Several other research firms have also recently weighed in on OSK. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Wells Fargo & Company raised their target price on shares of Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Zacks Research upgraded shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Robert W. Baird set a $182.00 target price on shares of Oshkosh in a research note on Friday, January 30th. Finally, UBS Group raised their target price on shares of Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $166.19.

Oshkosh Price Performance

NYSE:OSK opened at $151.80 on Friday. Oshkosh has a 1-year low of $80.29 and a 1-year high of $180.49. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $158.35 and a 200 day simple moving average of $141.90. The stock has a market capitalization of $9.51 billion, a PE ratio of 15.15, a P/E/G ratio of 0.78 and a beta of 1.39.

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

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the transaction, the senior vice president owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OSK. Harbor Capital Advisors Inc. bought a new stake in Oshkosh in the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its stake in Oshkosh by 471.1% in the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares during the period. SJS Investment Consulting Inc. boosted its stake in Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Oshkosh in the 3rd quarter valued at $29,000. Finally, Torren Management LLC bought a new stake in Oshkosh in the 4th quarter valued at $30,000. Institutional investors and hedge funds 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.