Oshkosh (NYSE:OSK) Price Target Cut to $114.00

Oshkosh (NYSE:OSKGet Free Report) had its target price decreased by research analysts at Truist Financial from $126.00 to $114.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 14.38% from the company’s current price.

Several other analysts have also recently commented on the company. Citigroup began coverage on Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price target for the company. Stifel Nicolaus reduced their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group reduced their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Evercore ISI reduced their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. reduced their price target on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $124.93.

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Oshkosh Price Performance

Oshkosh stock opened at $99.67 on Wednesday. Oshkosh has a one year low of $86.10 and a one year high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The business has a fifty day moving average of $101.53 and a two-hundred day moving average of $109.75. The company has a market cap of $6.52 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after acquiring an additional 718,122 shares during the period. Greenhaven Associates Inc. raised its position in Oshkosh by 0.8% during the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after buying an additional 19,442 shares during the period. LSV Asset Management raised its position in Oshkosh by 5.5% during the first quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after buying an additional 102,330 shares during the period. Dimensional Fund Advisors LP increased its position in Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after purchasing an additional 78,235 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after purchasing an additional 235,496 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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