Oshkosh (NYSE:OSK) Price Target Lowered to $115.00 at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $125.00 to $115.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 24.10% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. UBS Group cut their target price 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. Truist Financial boosted their price target on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, Robert W. Baird decreased their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.85.

Oshkosh Trading Up 1.0 %

NYSE:OSK traded up $0.88 during trading hours on Tuesday, reaching $92.67. 96,255 shares of the stock were exchanged, compared to its average volume of 571,761. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The business has a 50-day moving average of $103.12 and a two-hundred day moving average of $103.77. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.98 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

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

Institutional Trading of Oshkosh

Institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its stake in Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after acquiring an additional 233,218 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Oshkosh during the second quarter worth about $11,368,000. BNP Paribas Financial Markets lifted its holdings in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after purchasing an additional 97,282 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Oshkosh by 15.9% in the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after purchasing an additional 85,698 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after buying an additional 78,235 shares during the last quarter. 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.