Oshkosh Corporation (OSK) Price Target Raised to $100.00 at Citigroup Inc.
Oshkosh Corporation (NYSE:OSK) had its price objective lifted by research analysts at Citigroup Inc. from $85.00 to $100.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s target price indicates a potential upside of 14.55% from the stock’s current price.
A number of other equities research analysts also recently commented on the company. Robert W. Baird reissued a “buy” rating and issued a $93.00 target price on shares of Oshkosh Corporation in a report on Thursday. Deutsche Bank AG reissued a “hold” rating and issued a $86.00 target price (up previously from $80.00) on shares of Oshkosh Corporation in a report on Monday. Zacks Investment Research raised Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Wednesday, October 4th. KeyCorp reaffirmed a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a research note on Sunday, September 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a research note on Thursday, September 7th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Oshkosh Corporation presently has an average rating of “Buy” and an average target price of $85.25.
Oshkosh Corporation (OSK) traded up 0.315% during trading on Friday, hitting $87.575. 88,674 shares of the company traded hands. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 25.987 and a beta of 1.77. The company’s 50-day moving average is $78.72 and its 200 day moving average is $71.22. Oshkosh Corporation has a 52-week low of $52.00 and a 52-week high of $88.20.
Oshkosh Corporation (NYSE:OSK) last released its earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company earned $1.13 earnings per share. Oshkosh Corporation’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts anticipate that Oshkosh Corporation will post $3.96 earnings per share for the current year.
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In related news, Director Craig P. Omtvedt sold 7,050 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $74.82, for a total value of $527,481.00. Following the completion of the transaction, the director now owns 32,374 shares of the company’s stock, valued at approximately $2,422,222.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R Scott Grennier sold 4,883 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the completion of the transaction, the vice president now directly owns 4,912 shares of the company’s stock, valued at approximately $365,452.80. The disclosure for this sale can be found here. Insiders sold a total of 50,533 shares of company stock valued at $3,810,466 in the last three months. 2.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in OSK. American Century Companies Inc. grew its holdings in Oshkosh Corporation by 116.7% in the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock valued at $47,467,000 after buying an additional 371,089 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Oshkosh Corporation by 33.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock valued at $2,882,000 after buying an additional 10,581 shares during the period. JPMorgan Chase & Co. grew its holdings in Oshkosh Corporation by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after buying an additional 1,063,971 shares during the period. Citigroup Inc. grew its holdings in Oshkosh Corporation by 270.2% in the 2nd quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock valued at $3,632,000 after buying an additional 38,484 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Oshkosh Corporation by 22.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,091,575 shares of the company’s stock valued at $75,188,000 after buying an additional 201,070 shares during the period. 94.64% of the stock is 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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