Oshkosh (NYSE:OSK) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised Oshkosh’s price target to $140 from $135 but maintained a “neutral” rating, implying approximately 3.18% downside from the previous close.
• Analyst sentiment remains broadly positive, with 11 Buy, five Hold and one Sell rating; MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $165.29.
• Oshkosh’s latest quarterly results missed expectations, reporting EPS of $2.41 versus the $3.06 consensus and revenue of $2.84 billion versus $2.94 billion expected, although revenue increased 5.6% year over year.

Oshkosh (NYSE:OSK - Get Free Report) had its price objective increased by Citigroup from $135.00 to $140.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price target points to a potential downside of 3.18% from the company's previous close.

Other research analysts have also issued research reports about the stock. Truist Financial reiterated a "buy" rating and issued a $161.00 price objective (down from $174.00) on shares of Oshkosh in a report on Friday. Barclays upped their price target on shares of Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. DA Davidson cut their price target on shares of Oshkosh from $168.00 to $164.00 and set a "buy" rating on the stock in a report on Monday. Wall Street Zen downgraded Oshkosh from a "buy" rating to a "hold" rating in a report on Saturday, October 24th. Finally, Zacks Research lowered Oshkosh from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $165.29.

Oshkosh Price Performance

Shares of OSK traded up $4.66 during trading hours on Monday, reaching $144.60. The stock had a trading volume of 417,461 shares, compared to its average volume of 744,946. 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 has a 12 month low of $116.77 and a 12 month high of $180.49. The stock has a market capitalization of $8.93 billion, a PE ratio of 18.25, a PEG ratio of 1.25 and a beta of 1.26. The company's 50-day moving average is $139.82 and its two-hundred day moving average is $146.40.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) 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 period in the previous year, the company earned $3.20 EPS. Oshkosh's revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts expect that Oshkosh will post 8.94 EPS for the current year.

Insider Buying and Selling

In related news, Director John Pfeifer sold 778 shares of the firm's stock in a transaction that occurred on 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 sale, the director 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Oshkosh

Several hedge funds have recently modified their holdings of OSK. Balance Wealth Partners LLC bought a new position in Oshkosh during the third quarter worth $26,000. Fiduciary Financial Advisors acquired a new position in shares of Oshkosh during the second quarter valued at about $38,000. GK Wealth Management LLC bought a new position in shares of Oshkosh during the 3rd quarter worth about $47,000. Whittier Trust Co. boosted its position in shares of Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company's stock worth $55,000 after purchasing an additional 94 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Oshkosh by 38.2% in the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company's stock valued at $69,000 after buying an additional 124 shares during the period. Institutional investors own 92.36% of the company's stock.

About Oshkosh

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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