Morgan Stanley Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its target price lifted by equities researchers at Morgan Stanley from $136.00 to $147.00 in a research note issued on Wednesday, Marketbeat.com reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 9.98% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Truist Financial cut their price objective on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, October 30th. UBS Group lifted their price target on Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Citigroup lowered their price target on Oshkosh from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wells Fargo & Company initiated coverage on Oshkosh in a research report on Thursday, November 13th. They set an “overweight” rating and a $144.00 target price on the stock. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $150.20.

Oshkosh Stock Up 0.9%

Oshkosh stock opened at $133.66 on Wednesday. Oshkosh has a 1-year low of $76.82 and a 1-year high of $144.30. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.68 and a beta of 1.41. 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 business has a fifty day moving average price of $128.39 and a 200-day moving average price of $126.57.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after purchasing an additional 992,313 shares during the last quarter. Norges Bank acquired a new stake in shares of Oshkosh in the second quarter valued at about $98,570,000. Alliancebernstein L.P. lifted its stake in shares of Oshkosh by 908.0% in the third quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after buying an additional 822,874 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Oshkosh in the first quarter worth about $54,860,000. Finally, American Century Companies Inc. boosted its position in Oshkosh by 22.8% during the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after acquiring an additional 529,907 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.