Oshkosh (NYSE:OSK) Price Target Cut to $114.00 by Analysts at Truist Financial

Oshkosh (NYSE:OSK) had its price target reduced by equities researchers at Truist Financial from $126.00 to $114.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 12.88% from the company’s current price.

Several other analysts also recently issued reports on the company. Jefferies Financial Group reduced their price objective on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Citigroup began coverage on Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Raymond James initiated coverage on Oshkosh in a research report on Friday, June 28th. They set an “outperform” rating and a $125.00 target price on the stock. Finally, Evercore ISI reduced their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One 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, Oshkosh has a consensus rating of “Hold” and an average price target of $124.93.

Oshkosh Price Performance

OSK stock traded up $0.84 on Wednesday, reaching $100.99. 53,917 shares of the company’s stock were exchanged, compared to its average volume of 496,749. The stock has a fifty day moving average of $101.81 and a 200-day moving average of $109.89. Oshkosh has a twelve month low of $86.10 and a twelve month high of $127.98. The firm has a market cap of $6.60 billion, a PE ratio of 9.66, a P/E/G ratio of 0.96 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. Oshkosh’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 earnings per share. As a group, equities analysts predict that Oshkosh will post 11.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently modified their holdings of the stock. Atlas Capital Advisors LLC boosted its holdings in Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares during the last quarter. Headlands Technologies LLC purchased a new position in Oshkosh in the first quarter valued at about $31,000. Rise Advisors LLC boosted its holdings in Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after buying an additional 289 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after buying an additional 612 shares during the last quarter. Institutional investors and hedge funds 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.