Oshkosh (NYSE:OSK) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Oshkosh (NYSE:OSK) had its price target increased by Morgan Stanley from $98.00 to $110.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 1.27% from the company’s current price.

Other equities analysts have also issued reports about the company. Truist Financial upped their target price on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Citigroup cut their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird lowered their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group cut their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

Oshkosh Stock Down 1.3 %

OSK opened at $111.42 on Monday. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $99.71 and its two-hundred day moving average price is $103.00. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, equities analysts expect that Oshkosh will post 11 earnings per share for the current year.

Institutional Trading of Oshkosh

A number of institutional investors have recently made changes to their positions in OSK. Marshall Wace LLP purchased a new stake in Oshkosh during the 2nd quarter valued at $281,000. Sanctuary Advisors LLC purchased a new stake in shares of Oshkosh during the second quarter worth about $1,455,000. Capital Insight Partners LLC purchased a new stake in shares of Oshkosh during the third quarter worth about $415,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Oshkosh by 24.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,400 shares of the company’s stock valued at $1,442,000 after purchasing an additional 2,800 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its position in Oshkosh by 19.5% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 4,229 shares of the company’s stock valued at $424,000 after purchasing an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.