SunTrust Banks Raises Oshkosh (OSK) Price Target to $102.00
Oshkosh (NYSE:OSK) had its price objective increased by SunTrust Banks to $102.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a buy rating on the stock. SunTrust Banks also issued estimates for Oshkosh’s Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.98 EPS, Q4 2018 earnings at $1.31 EPS, FY2018 earnings at $4.82 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $1.25 EPS, Q3 2019 earnings at $2.12 EPS, Q4 2019 earnings at $1.51 EPS and FY2019 earnings at $5.60 EPS.
Other analysts have also issued research reports about the company. Jefferies Group upped their target price on Oshkosh from $95.00 to $105.00 and gave the stock a buy rating in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a buy rating and issued a $100.00 target price on shares of Oshkosh in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed a buy rating and issued a $100.00 target price on shares of Oshkosh in a research note on Thursday, November 2nd. Zacks Investment Research raised Oshkosh from a hold rating to a buy rating and set a $94.00 target price for the company in a research note on Wednesday, October 4th. Finally, Robert W. Baird reaffirmed a buy rating and issued a $97.00 target price on shares of Oshkosh in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $93.77.
Shares of Oshkosh (NYSE OSK) traded up $1.15 on Wednesday, reaching $92.29. The company’s stock had a trading volume of 542,836 shares, compared to its average volume of 610,266. The stock has a market capitalization of $6,940.00, a price-to-earnings ratio of 24.55, a P/E/G ratio of 1.22 and a beta of 1.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.81. Oshkosh has a 1-year low of $61.74 and a 1-year high of $94.16.
Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 had a return on equity of 15.14% and a net margin of 4.18%. Oshkosh’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. equities research analysts anticipate that Oshkosh will post 4.64 EPS for the current year.
In other news, insider Wilson R. Jones sold 40,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was 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 owns 159,859 shares of the company’s stock, valued at $13,610,395.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David M. Sagehorn sold 26,500 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $85.31, for a total value of $2,260,715.00. Following the sale, the vice president now directly owns 159,023 shares of the company’s stock, valued at approximately $13,566,252.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,153 shares of company stock valued at $9,953,433. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in OSK. Victory Capital Management Inc. raised its holdings in shares of Oshkosh by 21.4% during the second quarter. Victory Capital Management Inc. now owns 16,264 shares of the company’s stock valued at $1,120,000 after acquiring an additional 2,872 shares in the last quarter. Swiss National Bank raised its holdings in shares of Oshkosh by 1.2% during the second quarter. Swiss National Bank now owns 124,300 shares of the company’s stock valued at $8,562,000 after acquiring an additional 1,500 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Oshkosh by 16.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,430 shares of the company’s stock valued at $512,000 after acquiring an additional 1,070 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Oshkosh by 8.9% during the second quarter. Wells Fargo & Company MN now owns 204,844 shares of the company’s stock valued at $14,109,000 after acquiring an additional 16,675 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of Oshkosh by 0.3% during the second quarter. Martingale Asset Management L P now owns 45,804 shares of the company’s stock valued at $3,155,000 after acquiring an additional 139 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.
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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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