Oshkosh (NYSE:OSK) Coverage Initiated by Analysts at Barclays

Equities research analysts at Barclays began coverage on shares of Oshkosh (NYSE:OSK) in a research note issued on Tuesday, MarketBeat reports. The brokerage set an “overweight” rating on the stock.

Other research analysts have also issued reports about the stock. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Citigroup cut their target price on Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. KeyCorp upped their price target on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Finally, Robert W. Baird lifted their target price on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.50.

Oshkosh Stock Performance

NYSE OSK opened at $126.85 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $128.80 and its 200-day simple moving average is $124.55. The company has a market cap of $8.02 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. Oshkosh has a 1-year low of $76.82 and a 1-year high of $144.30.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the company earned $2.93 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, equities research analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in Oshkosh in the third quarter valued at $26,000. Blue Trust Inc. boosted its holdings in Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Oshkosh by 3,014.3% during the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Oshkosh during the 3rd quarter worth approximately $29,000. Finally, Whittier Trust Co. grew its position in shares of Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares during 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.