Oshkosh (NYSE:OSK) Given New $100.00 Price Target at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $117.00 to $100.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 18.06% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley upped their price target 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. The Goldman Sachs Group decreased their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Evercore ISI increased their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, UBS Group dropped their price objective on Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $116.08.

Oshkosh Price Performance

NYSE:OSK traded down $1.28 during trading hours on Monday, hitting $84.70. 89,612 shares of the stock traded hands, compared to its average volume of 588,004. The stock has a 50 day moving average price of $98.14 and a 200 day moving average price of $101.08. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Oshkosh has a 1 year low of $76.82 and a 1 year high of $125.00.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Sell-side analysts forecast that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Synovus Financial Corp raised its stake in shares of Oshkosh by 0.4% in the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company’s stock valued at $2,886,000 after acquiring an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after buying an additional 110 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Oshkosh by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company’s stock valued at $310,000 after acquiring an additional 122 shares during the period. Parallel Advisors LLC raised its holdings in shares of Oshkosh by 91.4% in 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. Finally, Blue Trust Inc. lifted its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

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.