Oshkosh (NYSE:OSK) Price Target Raised to $147.00 at Morgan Stanley

Oshkosh (NYSE:OSK) had its price target hoisted by Morgan Stanley from $136.00 to $147.00 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 16.68% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. UBS Group upped their target price on Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Barclays began coverage on Oshkosh in a research note on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price target for the company. Finally, Truist Financial dropped their price objective on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.50.

Oshkosh Stock Performance

NYSE:OSK opened at $125.99 on Wednesday. The firm has a market capitalization of $7.97 billion, a PE ratio of 12.29, a PEG ratio of 1.63 and a beta of 1.41. The stock’s fifty day moving average is $128.24 and its 200 day moving average is $126.48. Oshkosh has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the firm earned $2.93 earnings per share. Oshkosh’s quarterly revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, sell-side analysts anticipate that Oshkosh will post 10.96 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Kodai Capital Management LP purchased a new stake in Oshkosh during the first quarter worth $7,077,000. Ieq Capital LLC bought a new position in shares of Oshkosh in the 1st quarter worth $7,682,000. OMNI 360 Wealth Inc. bought a new position in shares of Oshkosh in the 2nd quarter worth $237,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Oshkosh during the 1st quarter worth $7,611,000. Finally, Cresset Asset Management LLC bought a new stake in Oshkosh during the first quarter valued at about $213,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Company Profile

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.