Oshkosh (NYSE:OSK) Price Target Raised to $103.00 at Bank of America

Oshkosh (NYSE:OSK - Get Free Report) had its price target raised by investment analysts at Bank of America from $90.00 to $103.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "underperform" rating on the stock. Bank of America's price objective indicates a potential downside of 6.94% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. KeyCorp dropped their price objective on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. UBS Group boosted their price objective on Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, DA Davidson dropped their price objective on Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $120.29.

Oshkosh Price Performance

Shares of Oshkosh stock traded up $1.34 during trading on Friday, reaching $110.68. The company's stock had a trading volume of 795,787 shares, compared to its average volume of 650,871. The stock has a 50-day moving average price of $92.57 and a two-hundred day moving average price of $97.84. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh has a one year low of $76.82 and a one year high of $118.39. The stock has a market capitalization of $7.12 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm earned $2.89 EPS. The business's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Trading of Oshkosh

A number of large investors have recently made changes to their positions in OSK. Parallel Advisors LLC increased its position in shares of Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after buying an additional 127 shares in the last quarter. Blue Trust Inc. increased its position in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares in the last quarter. CX Institutional bought a new stake in shares of Oshkosh in the 1st quarter valued at $28,000. Coppell Advisory Solutions LLC increased its stake in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.