Oshkosh (NYSE:OSK) Upgraded at KeyCorp

Oshkosh (NYSE:OSK) was upgraded by investment analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued on Friday, Marketbeat.com reports. The brokerage presently has a $113.00 price objective on the stock. KeyCorp’s target price suggests a potential upside of 17.41% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Robert W. Baird reduced their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Truist Financial cut their target price on Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Citigroup decreased their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, UBS Group lowered their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.14.

Oshkosh Stock Up 0.2 %

OSK opened at $96.24 on Friday. The company has a market cap of $6.26 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The company has a 50-day moving average price of $100.55 and a 200 day moving average price of $103.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Sell-side analysts expect that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently modified their holdings of OSK. JPMorgan Chase & Co. grew its stake in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after purchasing an additional 28,478 shares in the last quarter. Virtu Financial LLC purchased a new stake in Oshkosh during the 3rd quarter worth about $504,000. Barclays PLC boosted its position in shares of Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after acquiring an additional 32,435 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after acquiring an additional 7,334 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its position in shares of Oshkosh by 3.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after acquiring an additional 4,680 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other 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.