Bank of America Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK - Get Free Report) had its price target boosted by investment analysts at Bank of America from $90.00 to $103.00 in a report issued on Friday,Benzinga reports. The firm currently has an "underperform" rating on the stock. Bank of America's target price suggests a potential downside of 6.46% from the stock's previous close.

Several other equities analysts have also issued reports on OSK. Truist Financial upgraded Oshkosh from a "hold" rating to a "buy" rating and boosted their price objective for the company from $93.00 to $127.00 in a research report on Tuesday. The Goldman Sachs Group lowered their target price on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. DA Davidson decreased their price target on Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird boosted their price objective on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Citigroup reissued an "underperform" rating on shares of Oshkosh in a research note on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Oshkosh has a consensus rating of "Hold" and an average price target of $120.29.

Oshkosh Stock Performance

Oshkosh stock traded up $0.50 during trading hours on Friday, reaching $110.11. 398,347 shares of the company were exchanged, compared to its average volume of 643,280. Oshkosh has a 12 month low of $76.82 and a 12 month high of $118.39. The stock has a 50-day moving average of $91.96 and a 200 day moving average of $97.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.45 and a beta of 1.37.

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

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently modified their holdings of OSK. Parallel Advisors LLC grew its holdings in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Blue Trust Inc. lifted its stake in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after acquiring an additional 138 shares in the last quarter. CX Institutional acquired a new stake in shares of Oshkosh during the 1st quarter valued at $28,000. Coppell Advisory Solutions LLC increased its holdings in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after buying an additional 110 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after buying an additional 186 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.

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