Oshkosh Corp (OSK) Receives Consensus Recommendation of “Buy” from Brokerages
Oshkosh Corp (NYSE:OSK) has been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $92.85.
Several research firms recently weighed in on OSK. Jefferies Group boosted their price target on shares of Oshkosh from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $100.00 price target on shares of Oshkosh in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, October 4th. Royal Bank of Canada restated a “buy” rating and set a $100.00 price target on shares of Oshkosh in a report on Thursday, November 2nd. Finally, Robert W. Baird restated a “buy” rating and set a $97.00 price target on shares of Oshkosh in a report on Wednesday, November 1st.
Oshkosh (NYSE OSK) opened at $90.66 on Tuesday. The stock has a market cap of $6,810.00, a PE ratio of 24.11, a PEG ratio of 1.19 and a beta of 1.84. Oshkosh has a twelve month low of $61.74 and a twelve month high of $94.16. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35.
In other news, SVP Bradley M. Nelson sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.86, for a total value of $628,950.00. Following the sale, the senior vice president now owns 18,908 shares of the company’s stock, valued at $1,585,624.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Wilson R. Jones sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the completion of the sale, the insider now directly owns 159,859 shares in the company, valued at approximately $13,610,395.26. The disclosure for this sale can be found here. In the last three months, insiders sold 115,153 shares of company stock worth $9,953,433. Insiders own 1.60% of the company’s stock.
A number of large investors have recently modified their holdings of OSK. CIBC Asset Management Inc purchased a new position in Oshkosh during the third quarter valued at approximately $208,000. Raymond James Trust N.A. grew its stake in Oshkosh 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 in the last quarter. Zacks Investment Management purchased a new position in Oshkosh during the second quarter valued at approximately $247,000. Koch Industries Inc. purchased a new position in Oshkosh during the second quarter valued at approximately $264,000. Finally, HighTower Advisors LLC grew its stake in Oshkosh by 5.5% during the second quarter. HighTower Advisors LLC now owns 3,849 shares of the company’s stock valued at $264,000 after acquiring an additional 201 shares in the last quarter. 93.96% of the stock is owned by institutional investors.
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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.
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