Truist Financial Has Lowered Expectations for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price objective reduced by research analysts at Truist Financial from $116.00 to $109.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 14.07% from the company’s current price.

Other research analysts have also recently issued reports about the stock. UBS Group dropped their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Citigroup reduced their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh has an average rating of “Hold” and an average target price of $121.77.

Oshkosh Stock Performance

NYSE OSK opened at $95.55 on Thursday. The business has a 50 day moving average price of $101.77 and a 200 day moving average price of $103.46. The company has a market capitalization of $6.22 billion, a P/E ratio of 9.28, a PEG ratio of 0.94 and a beta of 1.21. Oshkosh has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh (NYSE:OSK) last released its quarterly 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 business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Sell-side analysts expect that Oshkosh will post 11.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds have recently made changes to their positions in OSK. Assenagon Asset Management S.A. raised its position in shares of Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after buying an additional 233,218 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Oshkosh in the 2nd quarter worth about $11,368,000. BNP Paribas Financial Markets lifted its stake 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 in the last quarter. AQR Capital Management LLC grew its holdings in shares of Oshkosh by 15.9% during the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock worth $66,405,000 after purchasing an additional 85,698 shares during the period. Finally, Dimensional Fund Advisors LP increased its position 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 purchasing an additional 78,235 shares in 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.