Oshkosh (NYSE:OSK) Price Target Cut to $164.00 by Analysts at DA Davidson

Key Points

• DA Davidson lowered Oshkosh’s price target to $164 from $168 while maintaining a “buy” rating, implying 12.36% upside from the prior close.
• Analyst sentiment remains generally positive: Oshkosh has an average “Moderate Buy” rating and a consensus price target of $164.93, based on 11 Buy, five Hold, and one Sell rating.
• Oshkosh’s latest quarterly results fell short of expectations, with earnings per share of $2.41 versus the $3.06 consensus and revenue of $2.84 billion versus estimates of $2.94 billion, though revenue increased 5.6% year over year.

Oshkosh (NYSE:OSK - Get Free Report) had its target price cut by analysts at DA Davidson from $168.00 to $164.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price target indicates a potential upside of 12.36% from the company's previous close.

Several other brokerages also recently commented on OSK. Robert W. Baird upped their price target on shares of Oshkosh from $172.00 to $180.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Truist Financial reiterated a "buy" rating and set a $161.00 price objective (down from $174.00) on shares of Oshkosh in a report on Friday. Barclays lifted their price objective on Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Zacks Research downgraded Oshkosh from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $132.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and an average price target of $164.93.

Oshkosh Price Performance

Shares of OSK stock traded up $6.02 during midday trading on Monday, reaching $145.96. 200,334 shares of the company were exchanged, compared to its average volume of 743,860. Oshkosh has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a market cap of $9.01 billion, a P/E ratio of 18.44, a PEG ratio of 1.25 and a beta of 1.26. The company's 50 day moving average price is $139.82 and its two-hundred day moving average price is $146.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.72.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $2.41 earnings per share for the quarter, missing analysts' consensus estimates of $3.06 by ($0.65). Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company earned $3.20 earnings per share. The business's revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that Oshkosh will post 8.94 earnings per share for the current year.

Insider Activity at Oshkosh

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

Institutional Investors Weigh In On Oshkosh

Several institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd raised its stake in shares of Oshkosh by 1.3% in the 3rd quarter. Covestor Ltd now owns 6,648 shares of the company's stock valued at $856,000 after buying an additional 87 shares in the last quarter. Associated Banc Corp acquired a new stake in shares of Oshkosh during the 3rd quarter valued at about $242,000. Integrity Alliance LLC. boosted its position in shares of Oshkosh by 23.0% during the 3rd quarter. Integrity Alliance LLC. now owns 2,959 shares of the company's stock valued at $381,000 after acquiring an additional 553 shares in the last quarter. One Way Holdings LLC bought a new stake in Oshkosh in the third quarter valued at about $15,901,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Oshkosh in the third quarter valued at about $77,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh's product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.

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