Oshkosh (NYSE:OSK) Price Target Raised to $110.00

Oshkosh (NYSE:OSK) had its price target hoisted by stock analysts at Bank of America from $95.00 to $110.00 in a report released on Monday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s price objective suggests a potential downside of 0.40% from the stock’s previous close.

Several other research analysts have also recently weighed in on OSK. Citigroup decreased their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Raymond James upped their price objective on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, UBS Group raised their target price on Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. 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 company. According to data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and an average target price of $124.85.

Oshkosh Stock Performance

Shares of OSK opened at $110.44 on Monday. Oshkosh has a 12 month low of $89.08 and a 12 month high of $127.98. The business’s fifty day simple moving average is $99.58 and its two-hundred day simple moving average is $103.03. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.89 and a beta of 1.23.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 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%. Research analysts anticipate that Oshkosh will post 10.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OSK. Stablepoint Partners LLC raised its holdings in Oshkosh by 3.9% during the third quarter. Stablepoint Partners LLC now owns 20,441 shares of the company’s stock valued at $2,048,000 after acquiring an additional 772 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Oshkosh by 6.9% during the third quarter. Wedge Capital Management L L P NC now owns 119,002 shares of the company’s stock worth $11,925,000 after purchasing an additional 7,713 shares in the last quarter. nVerses Capital LLC raised its stake in Oshkosh by 138.1% during the 3rd quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock valued at $501,000 after purchasing an additional 2,900 shares during the period. Good Life Advisors LLC lifted its holdings in Oshkosh by 4.8% in the 3rd quarter. Good Life Advisors LLC now owns 10,433 shares of the company’s stock worth $1,045,000 after purchasing an additional 479 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in Oshkosh during the 3rd quarter valued at approximately $25,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Oshkosh

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.