Citigroup Increases Oshkosh (NYSE:OSK) Price Target to $180.00

Oshkosh (NYSE:OSK) had its price target lifted by Citigroup from $170.00 to $180.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 20.14% from the stock’s current price.

OSK has been the topic of several other research reports. Argus dropped their target price on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price target on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Zacks Research upgraded Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Robert W. Baird set a $182.00 target price on Oshkosh in a research report on Friday, January 30th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.31.

Oshkosh Stock Performance

Shares of NYSE:OSK traded down $4.79 during midday trading on Monday, reaching $149.83. 168,776 shares of the company’s stock traded hands, compared to its average volume of 851,769. Oshkosh has a one year low of $76.82 and a one year high of $180.49. The stock has a 50 day moving average of $156.83 and a 200 day moving average of $140.15. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $2.58 EPS. Oshkosh’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the transaction, the senior vice president owned 13,577 shares in the company, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Oshkosh

A number of institutional investors have recently bought and sold shares of OSK. Southpoint Capital Advisors LP bought a new position in Oshkosh during the fourth quarter valued at approximately $175,882,000. Norges Bank bought a new stake in Oshkosh in the 4th quarter worth approximately $127,907,000. First Trust Advisors LP raised its holdings in shares of Oshkosh by 408.7% during the 4th quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock worth $152,490,000 after acquiring an additional 975,206 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Oshkosh by 908.0% during the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after acquiring an additional 822,874 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Oshkosh by 143.9% during the 4th quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock valued at $149,896,000 after acquiring an additional 704,022 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.