JPMorgan Chase & Co. Issues Pessimistic Forecast for Oshkosh (NYSE:OSK) Stock Price

Key Points

• JPMorgan cut its price target on Oshkosh from $182 to $158 and kept a "neutral" rating, implying only about a 3.7% upside from the current share price.
• Broader analyst sentiment remains mixed-to-positive: the consensus is a "Moderate Buy" with an average target of $166.19 (13 Buys vs. 6 Holds), and some firms like Wells Fargo have raised targets as high as $204.
• Shares traded at $152.38 after a recent $4.19 drop; Oshkosh posted a quarterly EPS miss ($2.26 vs. $2.33 est.) but revenue beat at $2.69B, and the stock trades at a P/E of 15.19 with a $9.55B market cap.

Oshkosh (NYSE:OSK - Get Free Report) had its price objective decreased by analysts at JPMorgan Chase & Co. from $182.00 to $158.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 3.69% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Oshkosh from $168.00 to $204.00 and gave the company an "overweight" rating in a research report on Wednesday, February 25th. Morgan Stanley boosted their target price on shares of Oshkosh from $144.00 to $157.00 and gave the company an "equal weight" rating in a research report on Monday. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. KeyCorp reissued an "overweight" rating on shares of Oshkosh in a research report on Thursday, December 18th. Finally, Robert W. Baird set a $182.00 price target on Oshkosh in a research note on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $166.19.

Oshkosh Stock Performance

OSK stock traded down $4.19 during midday trading on Friday, reaching $152.38. 246,137 shares of the company were exchanged, compared to its average volume of 782,109. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The business has a 50-day moving average price of $158.19 and a two-hundred day moving average price of $141.70. Oshkosh has a one year low of $80.29 and a one year high of $180.49. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts' consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm earned $2.58 earnings per share. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president owned 13,577 shares of the company's stock, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sivia Capital Partners LLC boosted its holdings in Oshkosh by 2.8% in the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company's stock valued at $382,000 after acquiring an additional 81 shares during the last quarter. IFP Advisors Inc boosted its holdings in Oshkosh by 11.7% in the fourth quarter. IFP Advisors Inc now owns 838 shares of the company's stock valued at $105,000 after acquiring an additional 88 shares during the last quarter. Groupama Asset Managment boosted its holdings in Oshkosh by 1.7% in the fourth quarter. Groupama Asset Managment now owns 5,409 shares of the company's stock valued at $680,000 after acquiring an additional 93 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Oshkosh by 4.1% in the fourth quarter. HB Wealth Management LLC now owns 2,502 shares of the company's stock valued at $314,000 after acquiring an additional 98 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Oshkosh by 6.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company's stock valued at $200,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

About Oshkosh

Oshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.

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