Oshkosh (NYSE:OSK) Stock Rating Lowered by Wall Street Zen

Oshkosh (NYSE:OSK) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts have also weighed in on the stock. UBS Group lifted their price target on shares of Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Evercore ISI reaffirmed an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. KeyCorp increased their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Wells Fargo & Company assumed coverage on Oshkosh in a research report on Thursday, November 13th. They issued an “overweight” rating and a $144.00 target price on the stock. Finally, Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Oshkosh Stock Down 1.1%

Shares of OSK opened at $129.43 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. The company has a market capitalization of $8.19 billion, a P/E ratio of 12.63, a PEG ratio of 1.66 and a beta of 1.41. The business’s 50 day simple moving average is $128.31 and its 200-day simple moving average is $125.71. Oshkosh has a one year low of $76.82 and a one year high of $144.30.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the business earned $2.93 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, sell-side analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Swiss Life Asset Management Ltd bought a new position in Oshkosh in the 3rd quarter valued at $393,000. CIBC Bancorp USA Inc. purchased a new position in Oshkosh in the third quarter valued at approximately $20,887,000. Coldstream Capital Management Inc. grew its holdings in Oshkosh by 342.7% during the third quarter. Coldstream Capital Management Inc. now owns 16,291 shares of the company’s stock valued at $2,113,000 after purchasing an additional 12,611 shares during the period. Danske Bank A S bought a new position in Oshkosh during the third quarter valued at $13,351,000. Finally, Caxton Associates LLP purchased a new stake in Oshkosh in the third quarter worth $379,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.