Oshkosh Corporation (OSK) Given Buy Rating at Jefferies Group LLC
Oshkosh Corporation (NYSE:OSK)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group LLC in a research report issued on Thursday. They presently have a $85.00 price target on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 14.17% from the company’s previous close.
Other research analysts have also issued reports about the company. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $85.00 target price (up from $80.00) on shares of Oshkosh Corporation in a report on Wednesday, August 9th. BidaskClub upgraded Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Deutsche Bank AG lifted their target price on Oshkosh Corporation from $79.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.67.
Oshkosh Corporation (OSK) traded up 1.51% on Thursday, reaching $74.45. The company had a trading volume of 591,654 shares. Oshkosh Corporation has a 12 month low of $50.77 and a 12 month high of $77.20. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 22.09 and a beta of 1.77. The firm has a 50 day moving average price of $72.86 and a 200-day moving average price of $69.14.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $1.13 EPS. The firm’s revenue was up 16.6% on a year-over-year basis. Analysts forecast that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.
In other Oshkosh Corporation news, Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $74.82, for a total value of $527,481.00. Following the sale, the director now owns 32,374 shares of the company’s stock, valued at approximately $2,422,222.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert S. Messina sold 3,400 shares of Oshkosh Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $75.23, for a total value of $255,782.00. Following the completion of the sale, the vice president now directly owns 12,558 shares in the company, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders sold a total of 50,533 shares of company stock worth $3,810,466 in the last three months. Company insiders own 2.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Koch Industries Inc. acquired a new stake in shares of Oshkosh Corporation in the second quarter valued at about $264,000. 1st Global Advisors Inc. increased its position in shares of Oshkosh Corporation by 183.6% in the second quarter. 1st Global Advisors Inc. now owns 12,204 shares of the company’s stock valued at $841,000 after acquiring an additional 7,901 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Oshkosh Corporation by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 22,382 shares of the company’s stock valued at $1,542,000 after acquiring an additional 388 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Oshkosh Corporation by 6.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 15,647 shares of the company’s stock valued at $1,078,000 after acquiring an additional 900 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Oshkosh Corporation in the second quarter valued at about $736,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.
About Oshkosh Corporation
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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