JPMorgan Chase & Co. Cuts Oshkosh (NYSE:OSK) Price Target to $100.00

Oshkosh (NYSE:OSK) had its target price reduced by JPMorgan Chase & Co. from $117.00 to $100.00 in a report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Citigroup decreased their price objective on Oshkosh from $130.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Evercore ISI upped their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. The Goldman Sachs Group lowered their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Morgan Stanley raised their price objective on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, KeyCorp cut their target price on Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Hold” and an average price target of $116.08.

Oshkosh Stock Performance

NYSE:OSK opened at $86.46 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh has a twelve month low of $76.82 and a twelve month high of $125.00. The stock has a market cap of $5.59 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The firm’s fifty day simple moving average is $97.66 and its 200 day simple moving average is $100.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, research analysts predict that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is 19.71%.

Hedge Funds Weigh In On Oshkosh

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC increased its position in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares during the period. Coppell Advisory Solutions LLC increased its position in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Hager Investment Management Services LLC bought a new position in shares of Oshkosh in the 4th quarter worth approximately $32,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Oshkosh in the fourth quarter worth approximately $34,000. 92.36% of the stock is owned by institutional investors.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.