Oshkosh Corp. Given New $61.00 Price Target at Barrington Research (OSK)
Research analysts at Barrington Research hoisted their price objective on shares of Oshkosh Corp. (NYSE:OSK) from $50.00 to $61.00 in a report released on Wednesday, American Banking & Market News reports. Barrington Research’s target price points to a potential upside of 20.67% from the stock’s previous close.
Shares of Oshkosh Corp. (NYSE:OSK) traded up 0.62% on Wednesday, hitting $50.55. The stock had a trading volume of 606,172 shares. Oshkosh Corp. has a 52-week low of $26.74 and a 52-week high of $50.24. The stock’s 50-day moving average is $46.97 and its 200-day moving average is $41.52. The company has a market cap of $4.397 billion and a P/E ratio of 12.61.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.59. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Oshkosh Corp. will post $3.71 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of Oshkosh Corp. (NYSE:OSK) in a research note to investors on Monday, September 9th. They set a “sector perform” rating and a $50.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Oshkosh Corp. (NYSE:OSK) from $47.00 to $51.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Oshkosh Corp. (NYSE:OSK) from $50.00 to $55.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.78.
Oshkosh Corporation (NYSE:OSK) is a designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies.
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