Oshkosh Price Target Lowered to $55.00 at RBC Capital (OSK)
Equities research analysts at RBC Capital reduced their price target on shares of Oshkosh (NYSE:OSK) from $59.00 to $55.00 in a research note issued to investors on Thursday. RBC Capital’s target price points to a potential upside of 18.76% from the company’s current price.
Oshkosh (NYSE:OSK) traded up 0.19% during mid-day trading on Thursday, hitting $46.31. 1,076,212 shares of the company’s stock traded hands. Oshkosh has a one year low of $44.33 and a one year high of $60.45. The stock has a 50-day moving average of $53.76 and a 200-day moving average of $55.04. The company has a market cap of $3.937 billion and a price-to-earnings ratio of 15.00.
Oshkosh (NYSE:OSK) last released its earnings data on Tuesday, July 29th. The company reported $1.23 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.67 earnings per share. Oshkosh’s revenue was down 12.3% compared to the same quarter last year. Analysts expect that Oshkosh will post $3.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Shareholders 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 1.30%. 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 KeyCorp reiterated a “buy” rating on shares of Oshkosh in a research note on Wednesday. They now have a $58.00 price target on the stock, down previously from $64.00. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.40.
Oshkosh Corporation (NYSE:OSK) is a designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies.
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