The Goldman Sachs Group Lowers Oshkosh (NYSE:OSK) Price Target to $116.00

Oshkosh (NYSE:OSK) had its price target reduced by investment analysts at The Goldman Sachs Group from $135.00 to $116.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 18.76% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Truist Financial boosted their price target on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Raymond James boosted their price target on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley lifted their price objective on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, Bank of America lifted their price objective on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Hold” and a consensus price target of $124.38.

Oshkosh Stock Up 0.4 %

OSK opened at $97.68 on Wednesday. The business’s 50-day simple moving average is $101.32 and its 200-day simple moving average is $102.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh has a one year low of $89.08 and a one year high of $127.98. The stock has a market capitalization of $6.30 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Analysts anticipate that Oshkosh will post 10.96 EPS for the current year.

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently modified their holdings of the company. 111 Capital purchased a new stake in shares of Oshkosh during the 4th quarter worth approximately $673,000. Wealth Enhancement Advisory Services LLC lifted its stake in Oshkosh by 3.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,184 shares of the company’s stock valued at $1,063,000 after buying an additional 368 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Oshkosh in the 4th quarter valued at approximately $5,421,000. Heck Capital Advisors LLC purchased a new stake in Oshkosh in the 4th quarter valued at approximately $114,000. Finally, Mackenzie Financial Corp purchased a new stake in Oshkosh in the 4th quarter valued at approximately $531,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.