Oshkosh (NYSE:OSK) Raised to "Buy" at StockNews.com

Oshkosh (NYSE:OSK - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Monday.

A number of other equities analysts have also recently issued reports on the stock. Truist Financial initiated coverage on shares of Oshkosh in a research note on Thursday, March 14th. They issued a "hold" rating and a $121.00 price objective on the stock. TheStreet raised Oshkosh from a "c" rating to a "b-" rating in a research note on Tuesday, January 30th. DA Davidson upgraded Oshkosh from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. UBS Group upped their price target on Oshkosh from $117.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Finally, Evercore ISI lifted their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.94.

Oshkosh Trading Down 0.2 %

OSK traded down $0.22 during mid-day trading on Monday, reaching $126.93. The stock had a trading volume of 405,047 shares, compared to its average volume of 513,116. The firm's fifty day simple moving average is $115.02 and its two-hundred day simple moving average is $104.67. The stock has a market capitalization of $8.32 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.62 and a beta of 1.29. Oshkosh has a 52 week low of $72.09 and a 52 week high of $127.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.32. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.60 earnings per share. On average, equities analysts predict that Oshkosh will post 10.32 EPS for the current year.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares of the company's stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.58% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in Oshkosh in the 1st quarter worth about $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Oshkosh by 5.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company's stock valued at $2,457,000 after acquiring an additional 1,322 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Oshkosh during the 1st quarter valued at $222,000. Ergoteles LLC acquired a new stake in shares of Oshkosh during the 1st quarter worth $567,000. Finally, Pearl River Capital LLC increased its position in shares of Oshkosh by 74.4% in the first quarter. Pearl River Capital LLC now owns 4,457 shares of the company's stock worth $449,000 after purchasing an additional 1,902 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

About Oshkosh

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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