Oshkosh (NYSE:OSK) Price Target Raised to $130.00

Oshkosh (NYSE:OSK) had its target price hoisted by research analysts at Raymond James from $125.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 10.63% from the stock’s current price.

Several other analysts have also recently issued reports on OSK. 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. KeyCorp increased their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird reduced their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Truist Financial raised their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday. Finally, Citigroup reduced their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and a consensus price target of $123.50.

Oshkosh Price Performance

Shares of Oshkosh stock traded up $4.25 during trading hours on Friday, reaching $117.51. The stock had a trading volume of 493,013 shares, compared to its average volume of 652,676. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $99.69 and its 200 day moving average is $103.04. The firm has a market capitalization of $7.65 billion, a PE ratio of 11.41, a PEG ratio of 1.72 and a beta of 1.21.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities analysts expect that Oshkosh will post 11.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Manchester Capital Management LLC grew its position in Oshkosh by 11.1% during the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock worth $204,000 after purchasing an additional 214 shares during the last quarter. Blue Trust Inc. grew its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after acquiring an additional 157 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $343,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Oshkosh in the fourth quarter valued at about $23,285,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.