Oshkosh (NYSE:OSK) PT Raised to $140.00

Oshkosh (NYSE:OSK) had its price target raised by analysts at Stifel Nicolaus from $135.00 to $140.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 19.49% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley initiated coverage on shares of Oshkosh in a report on Monday, January 8th. They issued an “equal weight” rating and a $102.00 price target for the company. Wells Fargo & Company upped their price target on shares of Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and upped their price objective for the company from $122.00 to $130.00 in a research note on Friday, March 1st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

Oshkosh Price Performance

OSK stock traded down $1.53 during trading on Friday, hitting $117.16. The company had a trading volume of 402,483 shares, compared to its average volume of 499,191. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.54 and a beta of 1.29. The business has a 50 day moving average of $117.31 and a 200 day moving average of $106.91. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. As a group, research analysts predict that Oshkosh will post 10.33 earnings per share for the current year.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OSK. Louisiana State Employees Retirement System acquired a new position in Oshkosh during the fourth quarter worth $1,995,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Oshkosh by 92.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock valued at $2,138,000 after buying an additional 10,770 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Oshkosh by 38.8% in the third quarter. Envestnet Asset Management Inc. now owns 122,800 shares of the company’s stock valued at $11,719,000 after buying an additional 34,325 shares in the last quarter. Greenhaven Associates Inc. increased its stake in shares of Oshkosh by 0.5% in the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after buying an additional 11,100 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Oshkosh by 26.9% in the fourth quarter. Raymond James & Associates now owns 72,470 shares of the company’s stock valued at $7,856,000 after buying an additional 15,358 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

About Oshkosh

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.