Citigroup Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its price objective upped by Citigroup from $170.00 to $180.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 20.14% from the company’s current price.

A number of other equities analysts have also recently commented on OSK. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Bank of America upgraded Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price target on the stock in a report on Tuesday, February 3rd. UBS Group raised their price target on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird set a $182.00 price objective on shares of Oshkosh in a research note on Friday, January 30th. Finally, Barclays started coverage on shares of Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 price objective on the stock. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.31.

Oshkosh Price Performance

Shares of NYSE OSK traded down $4.79 during mid-day trading on Monday, hitting $149.83. 168,776 shares of the company’s stock traded hands, compared to its average volume of 851,769. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh has a 1 year low of $76.82 and a 1 year high of $180.49. The company’s 50-day moving average is $156.83 and its two-hundred day moving average is $140.15. The company has a market capitalization of $9.37 billion, a P/E ratio of 14.95, a PEG ratio of 0.78 and a beta of 1.37.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the business posted $2.58 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the sale, the senior vice president owned 13,577 shares in the company, valued at $2,295,463.39. This represents a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its holdings in Oshkosh by 80.8% in the fourth quarter. Hsbc Holdings PLC now owns 38,672 shares of the company’s stock worth $4,870,000 after purchasing an additional 17,282 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Oshkosh by 1.7% during the 4th quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock valued at $680,000 after purchasing an additional 93 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Oshkosh by 1,845.7% in the 4th quarter. Pacer Advisors Inc. now owns 227,788 shares of the company’s stock worth $28,617,000 after purchasing an additional 216,081 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Oshkosh in the 4th quarter worth $246,000. Finally, Invesco Ltd. grew its stake in Oshkosh by 20.4% during the 4th quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after buying an additional 300,766 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

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.