JPMorgan Chase & Co. Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $132.00 to $145.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 3.95% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. UBS Group lowered their target price on Oshkosh from $165.00 to $163.00 and set a “buy” rating for the company in a report on Monday, January 5th. Barclays initiated coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price objective for the company. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday. Sanford C. Bernstein upped their price target on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Finally, Argus cut their price target 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. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.31.

Oshkosh Price Performance

NYSE:OSK traded up $0.25 during mid-day trading on Wednesday, reaching $150.96. The stock had a trading volume of 260,919 shares, compared to its average volume of 742,703. Oshkosh has a 12 month low of $76.82 and a 12 month high of $152.10. The stock has a market capitalization of $9.55 billion, a PE ratio of 14.74, a P/E/G ratio of 1.66 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. The stock has a 50-day simple moving average of $129.70 and a two-hundred day simple moving average of $131.23.

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

Institutional Trading of Oshkosh

Several hedge funds have recently modified their holdings of OSK. Harbor Capital Advisors Inc. bought a new position in Oshkosh during the third quarter worth $26,000. Blue Trust Inc. boosted its position in shares of Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Oshkosh in the 3rd quarter valued at about $29,000. Finally, Whittier Trust Co. increased its position in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares in the last quarter. 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.