Oshkosh (NYSE:OSK) Stock Rating Lowered by Zacks Research

Oshkosh (NYSE:OSK) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on OSK. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Thursday. Morgan Stanley lifted their price target on shares of Oshkosh from $147.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday. Wells Fargo & Company upped their price objective on shares of Oshkosh from $144.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday. Sanford C. Bernstein raised their target price on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, December 19th. Finally, Citigroup boosted their price target on shares of Oshkosh from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and an average target price of $153.31.

Oshkosh Stock Down 1.7%

Shares of NYSE:OSK opened at $153.99 on Thursday. Oshkosh has a 12-month low of $76.82 and a 12-month high of $158.53. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $134.30 and its 200-day moving average price is $132.85. The stock has a market capitalization of $9.74 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.41.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.08. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.Oshkosh’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $2.93 EPS. 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 Investors Weigh In On Oshkosh

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Oshkosh in the 2nd quarter worth $98,570,000. Alliancebernstein L.P. lifted its holdings in Oshkosh by 908.0% in the third 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 period. American Century Companies Inc. boosted its position in Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock worth $324,587,000 after purchasing an additional 529,907 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Oshkosh during the 2nd quarter valued at about $59,709,000. Finally, Capital Research Global Investors bought a new stake in shares of Oshkosh during the 3rd quarter valued at about $63,441,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Company Profile

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.