Oshkosh (NYSE:OSK) Given New $140.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised Oshkosh's price target from $133.00 to $140.00, indicating a potential upside of 7.54% from its current price.
• Oshkosh received various ratings from analysts, with ten analysts rating the stock as a Buy and a consensus price target of $147.08.
• In its most recent earnings report, Oshkosh exceeded expectations with earnings per share of $3.41, beating analysts' estimates of $2.98.

Oshkosh (NYSE:OSK - Get Free Report) had its price objective increased by JPMorgan Chase & Co. from $133.00 to $140.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 7.54% from the stock's current price.

OSK has been the subject of several other reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Oshkosh in a research note on Wednesday, October 8th. DA Davidson set a $160.00 target price on Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. Truist Financial increased their target price on Oshkosh from $155.00 to $171.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and increased their target price for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. Finally, Wall Street Zen cut Oshkosh from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.08.

Oshkosh Stock Up 0.9%

Shares of NYSE:OSK traded up $1.18 on Tuesday, hitting $130.18. 27,650 shares of the company's stock were exchanged, compared to its average volume of 744,147. The firm's 50-day moving average is $135.63 and its 200 day moving average is $115.40. The company has a market capitalization of $8.33 billion, a PE ratio of 13.05, a P/E/G ratio of 1.54 and a beta of 1.47. Oshkosh has a 1-year low of $76.82 and a 1-year high of $144.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same period in the prior year, the firm earned $3.34 EPS. The business's revenue was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Sell-side analysts predict that Oshkosh will post 10.96 EPS for the current year.

Insider Activity

In related news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares of the company's stock, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently modified their holdings of the company. ProShare Advisors LLC lifted its position in shares of Oshkosh by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company's stock valued at $324,000 after acquiring an additional 87 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company's stock worth $67,000 after acquiring an additional 106 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company's stock worth $32,000 after acquiring an additional 114 shares during the last quarter. Finally, Brighton Jones LLC increased its stake in shares of Oshkosh by 1.9% in the third quarter. Brighton Jones LLC now owns 6,212 shares of the company's stock worth $806,000 after acquiring an additional 114 shares during 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.

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