UBS Group Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its target price increased by analysts at UBS Group from $125.00 to $137.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 19.75% from the company’s current price.

A number of other brokerages have also commented on OSK. KeyCorp increased their price target on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial increased their target price on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Morgan Stanley lifted their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Raymond James upped their target price on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average target price of $125.00.

Oshkosh Price Performance

OSK stock traded down $2.00 during midday trading on Monday, hitting $114.41. The company’s stock had a trading volume of 171,830 shares, compared to its average volume of 689,061. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh has a 12 month low of $89.08 and a 12 month high of $127.98. The company has a 50 day moving average of $99.78 and a two-hundred day moving average of $102.95. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, analysts expect that Oshkosh will post 11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings 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 period. Carolina Wealth Advisors LLC raised its holdings in shares of Oshkosh by 2.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after acquiring an additional 146 shares in the last quarter. Private Advisor Group LLC lifted its stake in Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock worth $373,000 after acquiring an additional 152 shares during the period. V Square Quantitative Management LLC grew its holdings in Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 157 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of Oshkosh by 11.1% in the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock valued at $204,000 after purchasing an additional 214 shares in the last quarter. 92.36% of the stock is currently owned by 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.