Oshkosh (NYSE:OSK) Stock Rating Upgraded by Bank of America

Oshkosh (NYSE:OSK) was upgraded by stock analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $149.00 target price on the stock. Bank of America‘s target price indicates a potential downside of 10.92% from the stock’s current price.

OSK has been the topic of a number of other reports. Wells Fargo & Company upped their price target on Oshkosh from $144.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Citigroup dropped their target price on Oshkosh from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Truist Financial set a $183.00 price target on Oshkosh in a report on Friday, January 30th. Finally, Robert W. Baird set a $182.00 price target on Oshkosh in a research note on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Stock Performance

OSK stock opened at $167.27 on Tuesday. Oshkosh has a one year low of $76.82 and a one year high of $169.62. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The firm has a 50-day simple moving average of $138.87 and a two-hundred day simple moving average of $134.43.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the firm earned $2.58 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Trading of Oshkosh

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in shares of Oshkosh by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after acquiring an additional 68,165 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Oshkosh by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock valued at $17,705,000 after purchasing an additional 14,122 shares during the period. Focus Partners Wealth purchased a new stake in Oshkosh in the first quarter valued at $567,000. Sivia Capital Partners LLC acquired a new stake in Oshkosh during the 2nd quarter worth about $325,000. Finally, HB Wealth Management LLC acquired a new stake in Oshkosh during the 2nd quarter worth about $276,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Company Profile

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.