Oshkosh Corporation (OSK) PT Raised to $88.00
Oshkosh Corporation (NYSE:OSK) had its price target upped by equities research analysts at J P Morgan Chase & Co from $80.00 to $88.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target points to a potential downside of 3.89% from the company’s previous close.
OSK has been the topic of a number of other reports. Robert W. Baird reiterated a “buy” rating and issued a $93.00 price objective on shares of Oshkosh Corporation in a research note on Thursday, October 12th. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $85.00 price objective (up from $80.00) on shares of Oshkosh Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, 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 research report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $90.15.
Oshkosh Corporation (OSK) traded down 1.42% on Wednesday, reaching $90.26. The company’s stock had a trading volume of 220,402 shares. Oshkosh Corporation has a 52 week low of $54.18 and a 52 week high of $94.16. The firm has a market capitalization of $6.75 billion, a PE ratio of 26.78 and a beta of 1.77. The stock’s 50 day moving average is $83.98 and its 200-day moving average is $73.15.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.36. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Analysts predict that Oshkosh Corporation will post $3.96 EPS for the current year.
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In other Oshkosh Corporation news, VP Robert S. Messina sold 3,400 shares of Oshkosh Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $75.23, for a total transaction of $255,782.00. Following the sale, the vice president now directly owns 12,558 shares of the company’s stock, valued at $944,738.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph H. Kimmitt sold 23,000 shares of Oshkosh Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $75.83, for a total value of $1,744,090.00. Following the sale, the insider now directly owns 70,262 shares in the company, valued at $5,327,967.46. The disclosure for this sale can be found here. Insiders have sold 50,533 shares of company stock worth $3,810,466 over the last ninety days. Company insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Oshkosh Corporation by 48.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,855 shares of the company’s stock valued at $120,000 after purchasing an additional 603 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Oshkosh Corporation during the fourth quarter valued at approximately $121,000. Invictus RG acquired a new stake in Oshkosh Corporation during the first quarter valued at approximately $133,000. Advisors Asset Management Inc. boosted its holdings in Oshkosh Corporation by 9.5% during the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock valued at $135,000 after purchasing an additional 171 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in Oshkosh Corporation during the first quarter valued at approximately $144,000. 94.35% of the stock is currently owned by institutional investors.
Oshkosh Corporation Company Profile
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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