Oshkosh (NYSE:OSK) Price Target Cut to $132.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Oshkosh’s price target from $150 to $132 while maintaining a “neutral” rating, implying about 3.5% upside from the cited share price.
• Analyst sentiment remains broadly positive: 11 analysts rate the stock “Buy” and six rate it “Hold,” producing a “Moderate Buy” consensus and an average price target of $168.29.
• Oshkosh shares fell 0.8% to $127.52, while the company’s latest quarterly results exceeded expectations with adjusted EPS of $2.87 and revenue of $2.92 billion.

Oshkosh (NYSE:OSK - Get Free Report) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $150.00 to $132.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 3.51% from the company's current price.

Several other analysts also recently issued reports on OSK. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. DA Davidson upped their price target on Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Truist Financial lowered their price target on shares of Oshkosh from $196.00 to $174.00 and set a "buy" rating on the stock in a report on Monday. Robert W. Baird lifted their price objective on Oshkosh from $172.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Finally, Barclays upped their target price on shares of Oshkosh from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $168.29.

Oshkosh Stock Down 0.8%

NYSE OSK traded down $1.09 during trading on Thursday, reaching $127.52. The company's stock had a trading volume of 625,129 shares, compared to its average volume of 742,396. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. Oshkosh has a 1-year low of $116.77 and a 1-year high of $180.49. The business has a 50-day moving average price of $146.85 and a 200-day moving average price of $143.70. The stock has a market capitalization of $7.87 billion, a PE ratio of 14.59, a PEG ratio of 0.97 and a beta of 1.26.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the prior year, the company posted $3.41 earnings per share. Oshkosh's revenue for the quarter was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, research analysts forecast that Oshkosh will post 10.82 earnings per share for the current fiscal year.

Insider Transactions at Oshkosh

In other news, Director John Pfeifer sold 778 shares of the business's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the completion of the transaction, the director directly owned 150,669 shares in the company, valued at approximately $22,600,350. The trade was a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Oshkosh

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Oshkosh in the 2nd quarter valued at about $913,816,000. Bank of America Corp DE acquired a new position in shares of Oshkosh during the 2nd quarter worth approximately $135,656,000. Bank of New York Mellon Corp bought a new position in Oshkosh during the second quarter worth $92,996,000. Equity Investment Corp bought a new stake in shares of Oshkosh during the 2nd quarter worth about $91,735,000. Finally, Pzena Investment Management LLC acquired a new stake in Oshkosh during the 2nd quarter worth approximately $63,812,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a specialty vehicle and equipment manufacturer headquartered in Oshkosh, Wisconsin. Founded in 1917, the company develops products for demanding applications in construction, infrastructure, emergency response, defense, and other commercial and industrial markets.

Its products include access equipment such as aerial work platforms and telehandlers, vocational trucks and truck bodies, refuse and concrete equipment, airport ground-support vehicles, and fire and emergency vehicles.

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