Oshkosh Corporation (OSK) Stock Rating Reaffirmed by Royal Bank Of Canada

Oshkosh Corporation (NYSE:OSK)‘s stock had its “buy” rating restated by Royal Bank Of Canada in a report issued on Thursday, November 2nd. They presently have a $100.00 price objective on the stock. Royal Bank Of Canada’s price target points to a potential upside of 15.97% from the company’s previous close.

OSK has been the topic of a number of other research reports. Bank of America Corporation cut Oshkosh Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $75.00 to $60.00 in a report on Friday, July 7th. Zacks Investment Research cut Oshkosh Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective on shares of Oshkosh Corporation in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG lifted their price objective on Oshkosh Corporation from $79.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $92.85.

Oshkosh Corporation (NYSE:OSK) traded down $0.36 during mid-day trading on Thursday, reaching $86.23. The company had a trading volume of 607,992 shares, compared to its average volume of 684,851. Oshkosh Corporation has a fifty-two week low of $61.74 and a fifty-two week high of $94.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.81. The firm has a market capitalization of $6,460.00, a P/E ratio of 20.11, a PEG ratio of 1.14 and a beta of 1.87.

Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. analysts anticipate that Oshkosh Corporation will post 4.51 EPS for the current fiscal year.

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In related news, VP R Scott Grennier sold 3,369 shares of Oshkosh Corporation stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $85.79, for a total value of $289,026.51. Following the sale, the vice president now directly owns 7,574 shares in the company, valued at approximately $649,773.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Bradley M. Nelson sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.86, for a total value of $628,950.00. Following the transaction, the senior vice president now owns 18,908 shares in the company, valued at $1,585,624.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,628 shares of company stock worth $7,398,563. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in OSK. Teachers Advisors LLC raised its position in shares of Oshkosh Corporation by 73.7% during the 1st quarter. Teachers Advisors LLC now owns 232,256 shares of the company’s stock valued at $15,930,000 after buying an additional 98,534 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Oshkosh Corporation during the first quarter worth $447,000. State Street Corp boosted its stake in Oshkosh Corporation by 1.6% in the first quarter. State Street Corp now owns 2,021,104 shares of the company’s stock valued at $138,625,000 after acquiring an additional 32,017 shares in the last quarter. Credit Suisse AG boosted its stake in Oshkosh Corporation by 47.7% in the first quarter. Credit Suisse AG now owns 143,950 shares of the company’s stock valued at $9,874,000 after acquiring an additional 46,470 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in Oshkosh Corporation during the first quarter worth about $247,000. 94.24% of the stock is currently owned by hedge funds and other institutional investors.

About Oshkosh Corporation

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

Analyst Recommendations for Oshkosh Corporation (NYSE:OSK)

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