Oshkosh (NYSE:OSK) Price Target Raised to $130.00

Oshkosh (NYSE:OSK) had its price objective increased by Raymond James from $125.00 to $130.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 10.63% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. KeyCorp boosted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday. 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 research note on Thursday, October 31st. UBS Group decreased their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Truist Financial boosted their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.50.

Oshkosh Price Performance

Shares of NYSE OSK traded up $4.25 during midday trading on Friday, hitting $117.51. The company had a trading volume of 493,013 shares, compared to its average volume of 652,676. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The business has a 50-day simple moving average of $99.69 and a two-hundred day simple moving average of $103.04. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities research analysts anticipate that Oshkosh will post 11.34 earnings per share for the current year.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Oshkosh in the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its position in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares in the last quarter. Hager Investment Management Services LLC bought a new position in Oshkosh in the 4th quarter valued at about $32,000. Brooklyn Investment Group bought a new position in shares of Oshkosh during the 3rd quarter valued at about $34,000. Finally, International Assets Investment Management LLC boosted its position in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

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.