JPMorgan Chase & Co. Cuts Oshkosh (NYSE:OSK) Price Target to $92.00

Oshkosh (NYSE:OSK) had its target price reduced by JPMorgan Chase & Co. from $100.00 to $92.00 in a research report report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on OSK. Raymond James boosted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Robert W. Baird lowered their price target on Oshkosh from $163.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday. Citigroup reduced 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. UBS Group lowered their target price on shares of Oshkosh from $137.00 to $97.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Finally, KeyCorp reduced their price target on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. One 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 MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $111.93.

Oshkosh Stock Up 3.1 %

OSK stock opened at $89.37 on Thursday. The business has a 50 day moving average of $91.46 and a 200 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 twelve month low of $76.82 and a twelve month high of $123.25. 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 (NYSE:OSK) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Oshkosh’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.89 earnings per share. On average, research analysts forecast that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.51 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.28%. Oshkosh’s payout ratio is currently 21.79%.

Institutional Investors Weigh In On Oshkosh

Institutional investors and hedge funds have recently bought and sold shares of the business. Burns Matteson Capital Management LLC boosted its stake in shares of Oshkosh by 8.4% in the first quarter. Burns Matteson Capital Management LLC now owns 3,913 shares of the company’s stock worth $368,000 after acquiring an additional 303 shares during the period. Signaturefd LLC lifted its holdings in Oshkosh by 88.7% in the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after purchasing an additional 299 shares in the last quarter. Edgestream Partners L.P. bought a new position in Oshkosh in the 1st quarter worth approximately $1,308,000. CWM LLC grew its holdings in Oshkosh by 929.4% during the 1st quarter. CWM LLC now owns 29,977 shares of the company’s stock valued at $2,820,000 after buying an additional 27,065 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Oshkosh by 1.3% during the first quarter. New York State Common Retirement Fund now owns 39,655 shares of the company’s stock valued at $3,731,000 after buying an additional 500 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Company Profile

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.