Oshkosh (NYSE:OSK) Price Target Cut to $110.00 by Analysts at Citigroup

Oshkosh (NYSE:OSK) had its price target cut by stock analysts at Citigroup from $125.00 to $110.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 19.02% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Robert W. Baird decreased their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Truist Financial lifted their target price on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, UBS Group decreased their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $122.31.

Oshkosh Stock Up 0.7 %

OSK traded up $0.63 during midday trading on Tuesday, hitting $92.42. 264,307 shares of the company’s stock traded hands, compared to its average volume of 593,239. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The company has a market cap of $6.01 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. The stock’s fifty day simple moving average is $103.12 and its 200-day simple moving average is $103.77. Oshkosh has a one year low of $89.08 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. As a group, equities analysts anticipate that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Institutional Trading of Oshkosh

Several institutional investors have recently made changes to their positions in the business. Covea Finance raised its stake in Oshkosh by 81.8% during the fourth quarter. Covea Finance now owns 30,000 shares of the company’s stock worth $2,852,000 after acquiring an additional 13,500 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock worth $29,675,000 after purchasing an additional 71,911 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Oshkosh by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after purchasing an additional 28,478 shares during the last quarter. Franklin Resources Inc. acquired a new position in Oshkosh in the third quarter valued at about $532,000. Finally, Synovus Financial Corp grew its stake in Oshkosh by 10.5% during the third quarter. Synovus Financial Corp now owns 30,251 shares of the company’s stock worth $3,031,000 after buying an additional 2,865 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.