Raymond James Increases Oshkosh (NYSE:OSK) Price Target to $135.00

Oshkosh (NYSE:OSK) had its price target boosted by research analysts at Raymond James from $130.00 to $135.00 in a research report issued on Thursday, Analyst Price Targets reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 8.76% from the stock’s current price.

A number of other research firms have also recently commented on OSK. DA Davidson began coverage on Oshkosh in a report on Friday, December 17th. They set a “neutral” rating and a $118.00 price target on the stock. KeyCorp cut their price objective on Oshkosh from $144.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, September 27th. Deutsche Bank Aktiengesellschaft cut their price objective on Oshkosh from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Monday, December 20th. Citigroup raised their price objective on Oshkosh from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, October 12th. Finally, Jefferies Financial Group lowered Oshkosh from a “buy” rating to a “hold” rating and cut their price objective for the company from $150.00 to $105.00 in a research report on Tuesday, September 21st. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Buy” and a consensus price target of $129.81.

Shares of Oshkosh stock opened at $124.13 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.46 and a current ratio of 2.05. The stock’s fifty day moving average is $113.55 and its 200 day moving average is $112.88. The stock has a market cap of $8.29 billion, a P/E ratio of 18.20, a P/E/G ratio of 0.92 and a beta of 1.47. Oshkosh has a one year low of $88.31 and a one year high of $137.47.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, October 28th. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.12. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Oshkosh had a return on equity of 12.82% and a net margin of 6.11%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share. Analysts predict that Oshkosh will post 6.73 EPS for the current year.

In other news, EVP John J. Bryant sold 4,460 shares of Oshkosh stock in a transaction that occurred on Wednesday, November 24th. The shares were sold at an average price of $116.69, for a total transaction of $520,437.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Spire Wealth Management raised its stake in shares of Oshkosh by 39.1% during the fourth quarter. Spire Wealth Management now owns 974 shares of the company’s stock valued at $110,000 after acquiring an additional 274 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Oshkosh by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the company’s stock valued at $1,984,000 after acquiring an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Oshkosh by 7.4% during the fourth quarter. SOA Wealth Advisors LLC. now owns 6,339 shares of the company’s stock valued at $711,000 after acquiring an additional 436 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Oshkosh by 24.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 13,680 shares of the company’s stock valued at $1,542,000 after acquiring an additional 2,670 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its stake in Oshkosh by 2.6% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 215,474 shares of the company’s stock worth $24,286,000 after buying an additional 5,466 shares in the last quarter. 90.99% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Company Profile

Oshkosh Corp. engages in the designing, manufacturing, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms; and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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