Oshkosh Corp (NYSE:OSK) Receives $85.07 Consensus Target Price from Brokerages

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Oshkosh Corp (NYSE:OSK) has been given an average rating of “Hold” by the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $84.86.

Several equities analysts have commented on OSK shares. Evercore ISI reiterated an “in-line” rating and issued a $31.00 price objective (down from $40.00) on shares of Terex in a report on Friday, May 31st. Citigroup upped their price objective on shares of Martin Marietta Materials from $239.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Finally, UBS Group set a $36.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd.

OSK traded down $1.80 during trading on Friday, reaching $80.95. 1,231,459 shares of the stock were exchanged, compared to its average volume of 504,719. The company has a market cap of $6.00 billion, a PE ratio of 12.73, a P/E/G ratio of 0.95 and a beta of 1.99. Oshkosh has a twelve month low of $51.42 and a twelve month high of $86.45. The business’s 50 day moving average price is $80.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.86.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.20. Oshkosh had a net margin of 6.76% and a return on equity of 21.98%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that Oshkosh will post 7.78 EPS for the current year.

In related news, VP James W. Johnson sold 11,029 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total value of $838,755.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. MainStreet Investment Advisors LLC bought a new position in shares of Oshkosh in the second quarter worth about $622,000. Oakbrook Investments LLC lifted its holdings in shares of Oshkosh by 14.5% in the second quarter. Oakbrook Investments LLC now owns 7,900 shares of the company’s stock worth $660,000 after acquiring an additional 1,000 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Oshkosh in the second quarter worth about $212,000. NEXT Financial Group Inc bought a new position in shares of Oshkosh in the second quarter worth about $54,000. Finally, Capital Asset Advisory Services LLC bought a new position in shares of Oshkosh in the second quarter worth about $214,000. Institutional investors and hedge funds own 88.74% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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