Oshkosh Corporation (NYSE:OSK)‘s stock had its “buy” rating reissued by equities researchers at Royal Bank Of Canada in a report released on Thursday. They presently have a $100.00 price target on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 9.22% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price on shares of Oshkosh Corporation in a research report on Wednesday. KeyCorp restated an “overweight” rating and set a $100.00 price target (up from $90.00) on shares of Oshkosh Corporation in a report on Wednesday. Robert W. Baird restated a “buy” rating and set a $97.00 price target on shares of Oshkosh Corporation in a report on Wednesday. J P Morgan Chase & Co boosted their price target on shares of Oshkosh Corporation from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Jefferies Group LLC boosted their price target on shares of Oshkosh Corporation from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $92.85.

Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.36. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year.

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In other news, 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 transaction of $1,744,090.00. Following the sale, the insider now owns 70,262 shares in the company, valued at $5,327,967.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $74.82, for a total transaction of $527,481.00. Following the sale, the director now owns 32,374 shares in the company, valued at approximately $2,422,222.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,533 shares of company stock worth $3,810,466. Company insiders own 2.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. raised its position in shares of Oshkosh Corporation by 0.9% during the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after buying an additional 28 shares during the last quarter. Hanseatic Management Services Inc. raised its position in shares of Oshkosh Corporation by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 15,738 shares of the company’s stock valued at $1,084,000 after buying an additional 41 shares during the last quarter. M&T Bank Corp increased its position in Oshkosh Corporation by 1.2% in the second quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock worth $353,000 after purchasing an additional 61 shares during the last quarter. Advisors Asset Management Inc. increased its position in Oshkosh Corporation by 3.5% in the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after purchasing an additional 68 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC increased its position in Oshkosh Corporation by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

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.

Analyst Recommendations for Oshkosh Corporation (NYSE:OSK)

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