Stifel Nicolaus Lowers Oshkosh Price Target to $60.00 (OSK)
Investment analysts at Stifel Nicolaus reduced their target price on shares of Oshkosh (NYSE:OSK) from $66.00 to $60.00 in a note issued to investors on Thursday. Stifel Nicolaus’ price target points to a potential upside of 29.56% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Oshkosh from $66.00 to $61.00 in a research note on Thursday. Separately, analysts at RBC Capital cut their price target on shares of Oshkosh from $59.00 to $55.00 in a research note on Thursday. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $55.40.
Oshkosh (NYSE:OSK) traded up 0.19% on Thursday, hitting $46.31. 1,076,212 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 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 posted its quarterly earnings results 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 $3.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders 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.
Oshkosh Corporation (NYSE:OSK) is a designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies.
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