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

Oshkosh (NYSE:OSK) had its target price lowered by research analysts at Citigroup from $130.00 to $95.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 6.65% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Evercore ISI boosted their price target on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Raymond James boosted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price target on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their target price on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, Truist Financial reduced their target price on shares of Oshkosh from $118.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.38.

Oshkosh Stock Up 12.5 %

OSK opened at $89.08 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh has a fifty-two week low of $76.82 and a fifty-two week high of $125.08. The firm’s fifty day moving average is $99.21 and its 200 day moving average is $101.28. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating 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, sell-side analysts forecast that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

Several hedge funds have recently added to or reduced their stakes in OSK. Synovus Financial Corp lifted its position in shares of Oshkosh by 0.4% in the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company’s stock worth $2,886,000 after purchasing an additional 106 shares during the period. Coppell Advisory Solutions LLC lifted its position in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after purchasing an additional 110 shares during the period. Captrust Financial Advisors lifted its position in shares of Oshkosh by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company’s stock worth $310,000 after purchasing an additional 122 shares during the period. Parallel Advisors LLC lifted its position in shares of Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after purchasing an additional 127 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Oshkosh by 108.7% in 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. 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.