Oshkosh (NYSE:OSK) Price Target Lowered to $120.00 at KeyCorp

Oshkosh (NYSE:OSK) had its target price lowered by research analysts at KeyCorp from $132.00 to $120.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 44.86% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. UBS Group dropped their target price on Oshkosh from $137.00 to $97.00 and set a “buy” rating on the stock in a research report on Monday. Bank of America increased their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Raymond James lifted their target price on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 31st. The Goldman Sachs Group lowered their price target on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, Morgan Stanley boosted their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh currently has a consensus rating of “Hold” and a consensus target price of $120.38.

Oshkosh Stock Performance

Shares of NYSE OSK traded up $1.23 during trading on Tuesday, reaching $82.84. 76,845 shares of the stock traded hands, compared to its average volume of 748,619. The company has a 50-day moving average of $100.90 and a 200-day moving average of $101.76. Oshkosh has a 52-week low of $76.82 and a 52-week high of $127.94. The stock has a market capitalization of $5.35 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

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%. Analysts forecast that Oshkosh will post 10.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds and other institutional investors have recently modified their holdings of OSK. Parallel Advisors LLC grew its stake in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after buying an additional 127 shares during the last quarter. 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 valued at $27,000 after purchasing an additional 138 shares during the period. Coppell Advisory Solutions LLC raised its position in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in Oshkosh in the 4th quarter worth approximately $32,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Oshkosh in the 4th quarter worth approximately $34,000. 92.36% of the stock is currently owned by hedge funds and other 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.