Oshkosh (NYSE:OSK) was upgraded by stock analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report released on Friday, Marketbeat Ratings reports. The firm currently has a $90.00 target price on the stock, up from their previous target price of $66.00. Goldman Sachs Group’s price target would indicate a potential downside of 0.08% from the company’s current price.
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $85.00 to $90.00 in a research report on Wednesday, September 11th. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Thursday, July 11th. Royal Bank of Canada upped their price objective on Oshkosh to $98.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Dougherty & Co assumed coverage on Oshkosh in a research report on Wednesday, August 28th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, ValuEngine raised Oshkosh from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.50.
Shares of Oshkosh stock traded up $1.24 during midday trading on Friday, hitting $90.07. The company had a trading volume of 487,074 shares, compared to its average volume of 625,651. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.24 and a current ratio of 1.96. The stock has a market capitalization of $6.14 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.91 and a beta of 1.99. The company has a 50 day moving average of $77.89 and a 200 day moving average of $77.66. Oshkosh has a 52-week low of $56.47 and a 52-week high of $90.84.
Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.29. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Oshkosh had a return on equity of 23.21% and a net margin of 6.91%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. Equities research analysts forecast that Oshkosh will post 7.82 EPS for the current year.
In other news, EVP Frank R. Nerenhausen sold 7,200 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $87.00, for a total transaction of $626,400.00. Following the transaction, the executive vice president now directly owns 57,390 shares of the company’s stock, valued at approximately $4,992,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP James W. Johnson sold 3,800 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $89.23, for a total value of $339,074.00. Following the transaction, the vice president now directly owns 48,264 shares in the company, valued at $4,306,596.72. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock worth $5,644,322 over the last three months. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC lifted its holdings in shares of Oshkosh by 11.6% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 36,160 shares of the company’s stock valued at $3,019,000 after buying an additional 3,760 shares during the period. Bessemer Group Inc. raised its holdings in Oshkosh by 26.6% in the 2nd quarter. Bessemer Group Inc. now owns 11,361 shares of the company’s stock worth $949,000 after purchasing an additional 2,390 shares during the period. BB&T Corp raised its holdings in Oshkosh by 1.8% in the 2nd quarter. BB&T Corp now owns 54,226 shares of the company’s stock worth $4,527,000 after purchasing an additional 964 shares during the period. Cozad Asset Management Inc. raised its holdings in Oshkosh by 4.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 53,470 shares of the company’s stock worth $4,053,000 after purchasing an additional 2,500 shares during the period. Finally, KBC Group NV bought a new position in Oshkosh in the 2nd quarter worth $1,404,000. 90.44% of the stock is currently owned by hedge funds and other institutional investors.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.
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