Citigroup Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK - Get Free Report) had its price target upped by equities researchers at Citigroup from $125.00 to $130.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 17.52% from the company's previous close.

A number of other research firms have also issued reports on OSK. DA Davidson reduced their target price on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Robert W. Baird raised their price target on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Evercore ISI boosted their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Finally, Bank of America upped their price target on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $122.07.

Oshkosh Price Performance

Shares of NYSE OSK traded up $1.95 on Tuesday, hitting $110.62. The company's stock had a trading volume of 82,086 shares, compared to its average volume of 659,575. The stock has a 50 day moving average of $97.74 and a 200-day moving average of $97.69. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.59 and a beta of 1.41. Oshkosh has a 12-month low of $76.82 and a 12-month high of $118.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the company posted $2.89 EPS. Oshkosh's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, research analysts predict that Oshkosh will post 10.96 EPS for the current year.

Institutional Investors Weigh In On Oshkosh

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its stake 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 in the last quarter. Blue Trust Inc. raised its holdings in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares in the last quarter. CX Institutional acquired a new stake in Oshkosh in the first quarter worth approximately $28,000. Coppell Advisory Solutions LLC increased its position in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake 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. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.