Oshkosh (NYSE:OSK) Price Target Raised to $127.00

Oshkosh (NYSE:OSK) had its target price upped by analysts at JPMorgan Chase & Co. from $115.00 to $127.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 7.82% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Citigroup reduced their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Truist Financial raised their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday. Robert W. Baird dropped their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. KeyCorp boosted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday. Finally, UBS Group cut their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $124.36.

Oshkosh Price Performance

Shares of OSK traded up $4.53 during trading hours on Friday, reaching $117.79. 680,760 shares of the company traded hands, compared to its average volume of 663,044. The stock has a fifty day simple moving average of $99.69 and a 200 day simple moving average of $103.04. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock has a market capitalization of $7.66 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, research analysts predict that Oshkosh will post 11.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of Oshkosh by 71.8% during the second quarter. Bank of Montreal Can now owns 24,970 shares of the company’s stock valued at $2,702,000 after acquiring an additional 10,438 shares in the last quarter. Marshall Wace LLP purchased a new position in Oshkosh in the second quarter valued at about $281,000. Sanctuary Advisors LLC purchased a new stake in Oshkosh during the 2nd quarter worth approximately $1,455,000. Capital Insight Partners LLC acquired a new position in shares of Oshkosh in the 3rd quarter valued at approximately $415,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Oshkosh by 24.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,400 shares of the company’s stock valued at $1,442,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.