Oshkosh (NYSE:OSK – Get Free Report) had its price objective boosted by investment analysts at Truist Financial from $121.00 to $132.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 12.19% from the company’s current price.
A number of other brokerages have also recently commented on OSK. TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and lifted their target price for the company from $122.00 to $130.00 in a report on Friday, March 1st. Citigroup lifted their target price on shares of Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. UBS Group lifted their target price on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.50.
Oshkosh Stock Down 0.9 %
Shares of NYSE:OSK opened at $117.66 on Friday. The company has a market capitalization of $7.72 billion, a PE ratio of 11.26, a P/E/G ratio of 1.38 and a beta of 1.29. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98. The firm has a 50 day simple moving average of $117.49 and a 200-day simple moving average of $107.16.
Oshkosh (NYSE:OSK – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 EPS. On average, equities analysts predict that Oshkosh will post 11.31 EPS for the current fiscal year.
Insider Activity
In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.64% of the company’s stock.
Institutional Investors Weigh In On Oshkosh
A number of hedge funds and other institutional investors have recently modified their holdings of OSK. CWM LLC grew its stake in Oshkosh by 18.8% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $218,000 after acquiring an additional 362 shares during the period. SG Americas Securities LLC purchased a new stake in Oshkosh in the 3rd quarter worth approximately $1,325,000. Counterpoint Mutual Funds LLC purchased a new stake in Oshkosh in the 3rd quarter worth approximately $86,000. Commonwealth Equity Services LLC grew its stake in Oshkosh by 8.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock worth $2,734,000 after acquiring an additional 2,226 shares during the period. Finally, FinTrust Capital Advisors LLC purchased a new stake in Oshkosh in the 3rd quarter worth approximately $191,000. 92.36% of the stock is currently owned by hedge funds and other 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.
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Source: defenseworld.net
