KeyCorp Reiterates “Buy” Rating for Oshkosh (OSK)
Oshkosh (NYSE:OSK)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research note issued on Wednesday. They currently have a $58.00 price target on the stock, down from their previous price target of $64.00. KeyCorp’s price objective would indicate a potential upside of 23.19% from the stock’s previous close.
Oshkosh (NYSE:OSK) traded up 2.71% on Wednesday, hitting $47.08. 2,163,191 shares of the company’s stock traded hands. Oshkosh has a 52 week low of $44.33 and a 52 week high of $60.45. The stock’s 50-day moving average is $54.40 and its 200-day moving average is $55.2. The company has a market cap of $3.999 billion and a P/E ratio of 12.87.
Oshkosh (NYSE:OSK) last released its earnings data on Tuesday, July 29th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.14. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. Analysts expect that Oshkosh will post $3.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, August 12th.
A number of other analysts have also recently weighed in on OSK. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Oshkosh in a research note on Wednesday. They now have a $52.00 price target on the stock, down previously from $65.00. Separately, analysts at Robert W. Baird upgraded shares of Oshkosh from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $55.00 price target on the stock, down previously from $58.00. Finally, analysts at Global Hunter Securities cut their price target on shares of Oshkosh from $60.00 to $52.00 in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Oshkosh currently has a consensus rating of “Buy” and a consensus target price of $56.74.
Oshkosh Corporation (NYSE:OSK) is a designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies.
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