Oshkosh (NYSE:OSK) PT Raised to $125.00 at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its target price increased by JPMorgan Chase & Co. from $120.00 to $125.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 20.98% from the company’s current price.

Several other equities research analysts also recently issued reports on OSK. Stifel Nicolaus decreased their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Jefferies Financial Group reduced their target price on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Truist Financial lowered their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Citigroup began coverage on shares of Oshkosh in a report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price target on the stock. Finally, Raymond James assumed coverage on shares of Oshkosh in a research note on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $125.29.

Oshkosh Stock Down 0.6 %

OSK traded down $0.64 during trading on Monday, hitting $103.32. 100,237 shares of the company’s stock were exchanged, compared to its average volume of 496,085. Oshkosh has a fifty-two week low of $86.10 and a fifty-two week high of $127.98. The stock has a market cap of $6.76 billion, a P/E ratio of 9.91, a PEG ratio of 0.96 and a beta of 1.19. The business’s 50 day moving average is $101.61 and its two-hundred day moving average is $109.46. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.34. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 EPS. As a group, equities analysts expect that Oshkosh will post 11.62 earnings per share for the current fiscal year.

Institutional Trading of Oshkosh

Several hedge funds have recently made changes to their positions in OSK. SG Americas Securities LLC purchased a new stake in Oshkosh in the 2nd quarter worth about $1,500,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Oshkosh in the first quarter valued at approximately $1,507,000. M&G Plc bought a new stake in shares of Oshkosh in the first quarter valued at approximately $15,102,000. Cetera Investment Advisers lifted its stake in shares of Oshkosh by 772.9% during the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock valued at $3,418,000 after buying an additional 24,269 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Oshkosh in the 2nd quarter valued at approximately $1,545,000. 92.36% of the stock is currently owned by institutional investors.

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.