Citigroup Lowers Oshkosh (NYSE:OSK) Price Target to $110.00

Oshkosh (NYSE:OSK) had its price target cut by research analysts at Citigroup from $125.00 to $110.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 16.98% from the stock’s current price.

OSK has been the topic of a number of other research reports. Truist Financial boosted their target price on shares of Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. UBS Group dropped their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Robert W. Baird cut their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $122.31.

Oshkosh Price Performance

Oshkosh stock opened at $94.03 on Tuesday. The firm has a market cap of $6.12 billion, a P/E ratio of 9.13, a P/E/G ratio of 0.98 and a beta of 1.21. The stock’s 50 day moving average is $102.88 and its 200 day moving average is $103.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh has a one year low of $89.08 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. As a group, research analysts expect that Oshkosh will post 11.35 EPS for the current year.

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently added to or reduced their stakes in OSK. AE Wealth Management LLC increased its position in shares of Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock worth $202,000 after purchasing an additional 127 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Oshkosh by 2.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after purchasing an additional 146 shares during the last quarter. KBC Group NV lifted its position in Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after buying an additional 220 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Oshkosh during the third quarter worth approximately $25,000. Finally, Greenwich Wealth Management LLC boosted its stake in shares of Oshkosh by 0.5% in the 3rd quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company’s stock valued at $4,970,000 after purchasing an additional 253 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Company Profile

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.