Truist Financial Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its price objective increased by Truist Financial from $113.00 to $116.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 23.61% from the company’s previous close.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. UBS Group decreased their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Hold” and an average target price of $123.00.

Oshkosh Trading Down 0.4 %

Shares of OSK stock opened at $93.84 on Thursday. Oshkosh has a 1-year low of $93.34 and a 1-year high of $127.98. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock has a 50 day simple moving average of $107.07 and a 200-day simple moving average of $105.51.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, equities research analysts expect that Oshkosh will post 11.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in Oshkosh in the third quarter valued at approximately $34,000. Eagle Bay Advisors LLC lifted its holdings in Oshkosh by 547.6% in the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after acquiring an additional 564 shares during the last quarter. International Assets Investment Management LLC grew its position in Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after acquiring an additional 893 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after acquiring an additional 262 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.