Oshkosh (OSK) Upgraded to “Outperform” at Evercore ISI

Oshkosh (NYSE:OSK) was upgraded by equities researchers at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued on Friday, Marketbeat.com reports.

OSK has been the topic of several other reports. Citigroup boosted their price target on shares of Oshkosh from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. KeyCorp reissued an “overweight” rating and set a $100.00 price target (up from $90.00) on shares of Oshkosh in a research report on Wednesday, November 1st. SunTrust Banks boosted their price target on shares of Oshkosh to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. ValuEngine cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird reissued a “buy” rating and set a $93.00 price target on shares of Oshkosh in a research report on Thursday, October 12th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Oshkosh has a consensus rating of “Buy” and a consensus price target of $94.54.

Oshkosh (NYSE OSK) traded up $3.46 on Friday, reaching $86.52. 1,259,963 shares of the company traded hands, compared to its average volume of 922,132. The company has a market cap of $6,215.43, a PE ratio of 20.41, a P/E/G ratio of 1.08 and a beta of 1.53. Oshkosh has a 1-year low of $61.74 and a 1-year high of $100.26. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.55 by $0.29. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.26 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year. equities research analysts predict that Oshkosh will post 5.32 EPS for the current fiscal year.

In other news, Director Leslie F. Kenne sold 1,061 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $90.82, for a total transaction of $96,360.02. Following the transaction, the director now directly owns 25,320 shares in the company, valued at approximately $2,299,562.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R Scott Grennier sold 3,369 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $85.79, for a total transaction of $289,026.51. Following the transaction, the vice president now owns 7,574 shares in the company, valued at $649,773.46. The disclosure for this sale can be found here. Insiders have sold a total of 100,955 shares of company stock worth $8,744,467 over the last 90 days. 2.00% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in shares of Oshkosh during the 4th quarter worth about $130,000. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Oshkosh during the 4th quarter worth about $203,000. CIBC Asset Management Inc acquired a new position in shares of Oshkosh during the 3rd quarter worth about $208,000. Rothschild Investment Corp IL acquired a new position in shares of Oshkosh during the 4th quarter worth about $218,000. Finally, Essex Financial Services Inc. acquired a new position in shares of Oshkosh during the 4th quarter worth about $218,000. Institutional investors own 94.25% of the company’s stock.

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Oshkosh 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.

Analyst Recommendations for Oshkosh (NYSE:OSK)

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