Morgan Stanley Boosts Oshkosh (NYSE:OSK) Price Target to $110.00

Oshkosh (NYSE:OSK) had its target price increased by analysts at Morgan Stanley from $98.00 to $110.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 4.05% from the company’s previous close.

Several other research firms have also recently weighed in on OSK. UBS Group decreased their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Raymond James boosted their target price on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday. KeyCorp boosted their target price on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial boosted their price objective on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and a consensus price target of $124.08.

Oshkosh Trading Down 1.5 %

NYSE OSK traded down $1.75 during trading on Monday, hitting $114.65. The stock had a trading volume of 111,947 shares, compared to its average volume of 685,911. The company has a market capitalization of $7.46 billion, a PE ratio of 11.09, a PEG ratio of 1.97 and a beta of 1.22. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $99.78 and a 200 day moving average price of $102.95. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, equities research analysts forecast that Oshkosh will post 11 earnings per share for the current year.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh during the third quarter worth $25,000. Blue Trust Inc. raised its position in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth $32,000. Brooklyn Investment Group acquired a new position in Oshkosh during the third quarter valued at $34,000. Finally, Bank of Jackson Hole Trust acquired a new position in Oshkosh during the fourth quarter valued at $44,000. 92.36% of the stock is currently 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.