Wells Fargo & Company Increases Oshkosh (NYSE:OSK) Price Target to $204.00

Oshkosh (NYSE:OSK) had its target price upped by research analysts at Wells Fargo & Company from $168.00 to $204.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 18.72% from the company’s previous close.

OSK has been the subject of a number of other reports. Truist Financial set a $183.00 target price on shares of Oshkosh in a research note on Friday, January 30th. Sanford C. Bernstein lifted their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. KeyCorp reissued an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. JPMorgan Chase & Co. raised their target price on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $167.00 price target on shares of Oshkosh in a research report on Friday, January 30th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $162.00.

Oshkosh Stock Down 0.3%

Shares of OSK stock opened at $171.84 on Wednesday. The stock’s fifty day moving average price is $152.67 and its 200 day moving average price is $139.03. Oshkosh has a 1-year low of $76.82 and a 1-year high of $180.49. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter last year, the business posted $2.58 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OSK. Sivia Capital Partners LLC grew its stake in shares of Oshkosh by 2.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after purchasing an additional 81 shares during the period. ProShare Advisors LLC boosted its holdings in Oshkosh by 3.1% during the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after buying an additional 87 shares in the last quarter. IFP Advisors Inc grew its position in Oshkosh by 11.7% during the fourth quarter. IFP Advisors Inc now owns 838 shares of the company’s stock valued at $105,000 after buying an additional 88 shares during the period. HB Wealth Management LLC increased its holdings in Oshkosh by 4.1% in the fourth quarter. HB Wealth Management LLC now owns 2,502 shares of the company’s stock valued at $314,000 after buying an additional 98 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Oshkosh by 6.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock valued at $200,000 after buying an additional 100 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.