Oshkosh Corporation (NYSE:OSK) had its price target increased by stock analysts at J P Morgan Chase & Co from $80.00 to $88.00 in a report issued on Wednesday. The firm presently has a “neutral” rating on the stock.

A number of other equities analysts have also weighed in on the stock. Robert W. Baird reiterated a “buy” rating and issued a $97.00 price target on shares of Oshkosh Corporation in a research report on Wednesday. KeyCorp reiterated an “overweight” rating and issued a $100.00 price target (up from $90.00) on shares of Oshkosh Corporation in a research report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price on shares of Oshkosh Corporation in a report on Wednesday. SunTrust Banks, Inc. reissued a “buy” rating and issued a $90.00 target price on shares of Oshkosh Corporation in a report on Friday, October 27th. Finally, ValuEngine downgraded shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $92.85.

The stock has a market cap of $6.51 billion, a PE ratio of 20.53 and a beta of 1.87.

Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.90 billion. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. research analysts expect that Oshkosh Corporation will post 4.51 EPS for the current fiscal year.

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In related news, VP Robert S. Messina sold 3,400 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $75.23, for a total transaction of $255,782.00. Following the sale, the vice president now owns 12,558 shares of the company’s stock, valued at $944,738.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Colleen R. Moynihan sold 4,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total transaction of $350,480.00. Following the sale, the vice president now directly owns 7,347 shares in the company, valued at approximately $643,744.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,283 shares of company stock worth $3,393,817. 2.00% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in OSK. Advisors Asset Management Inc. increased its position in Oshkosh Corporation by 3.5% during the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after acquiring an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC increased its position in Oshkosh Corporation by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock valued at $155,000 after acquiring an additional 100 shares during the last quarter. ARP Americas LLC bought a new position in Oshkosh Corporation during the second quarter valued at $206,000. Raymond James Trust N.A. increased its position in Oshkosh Corporation by 0.9% during the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after acquiring an additional 28 shares during the last quarter. Finally, CrestPoint Capital Management LLC bought a new position in Oshkosh Corporation during the second quarter valued at $234,000. 94.35% of the stock is currently owned by institutional investors.

Oshkosh Corporation Company Profile

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

Analyst Recommendations for Oshkosh Corporation (NYSE:OSK)

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