DA Davidson Issues Pessimistic Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target reduced by equities researchers at DA Davidson from $120.00 to $111.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective points to a potential upside of 24.20% from the company’s current price.

A number of other research firms have also weighed in on OSK. Citigroup cut their price objective on Oshkosh from $130.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Robert W. Baird cut their target price on shares of Oshkosh from $163.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Oshkosh from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $111.93.

Oshkosh Trading Up 3.1 %

Shares of OSK stock opened at $89.37 on Friday. The company has a 50-day moving average of $91.46 and a two-hundred day moving average of $99.48. The firm has a market cap of $5.75 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. Oshkosh has a 1-year low of $76.82 and a 1-year high of $123.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the company posted $2.89 EPS. Oshkosh’s revenue was down 9.1% on a year-over-year basis. On average, analysts predict that Oshkosh will post 10.96 EPS for the current year.

Institutional Investors Weigh In On Oshkosh

A number of hedge funds have recently added to or reduced their stakes in OSK. Blue Trust Inc. lifted its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the period. Parallel Advisors LLC boosted its position in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional acquired a new position in shares of Oshkosh during the 1st quarter worth $28,000. Golden State Wealth Management LLC lifted its stake in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after purchasing an additional 186 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its holdings in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.