Oshkosh (NYSE:OSK - Free Report) had its price target lifted by DA Davidson from $111.00 to $148.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.
Several other equities analysts have also commented on OSK. KeyCorp dropped their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup reissued a "buy" rating and issued a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a research report on Tuesday, June 24th. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. Evercore ISI increased their price target on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, UBS Group increased their price target on Oshkosh from $119.00 to $149.00 and gave the company a "buy" rating in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $129.69.
View Our Latest Analysis on OSK
Oshkosh Price Performance
OSK traded up $1.93 during midday trading on Tuesday, reaching $127.97. 511,885 shares of the company's stock were exchanged, compared to its average volume of 685,765. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The stock has a market capitalization of $8.24 billion, a PE ratio of 13.67, a P/E/G ratio of 2.03 and a beta of 1.43. The business's 50-day moving average price is $111.64 and its 200 day moving average price is $101.25. Oshkosh has a 1-year low of $76.82 and a 1-year high of $129.02.
Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results 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). The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The business's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.89 EPS. As a group, equities analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.
Oshkosh Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.51 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.59%. Oshkosh's payout ratio is currently 21.79%.
Institutional Investors Weigh In On Oshkosh
Several large investors have recently made changes to their positions in OSK. Proficio Capital Partners LLC bought a new stake in shares of Oshkosh during the 4th quarter worth about $34,000. Xponance Inc. raised its position in shares of Oshkosh by 7.7% during the 4th quarter. Xponance Inc. now owns 7,572 shares of the company's stock worth $720,000 after buying an additional 540 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Oshkosh by 18.4% during the 4th quarter. Teacher Retirement System of Texas now owns 20,934 shares of the company's stock worth $1,990,000 after buying an additional 3,259 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Oshkosh during the 4th quarter worth about $1,274,000. Finally, Vanguard Group Inc. raised its holdings in shares of Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after purchasing an additional 176,400 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.
Oshkosh Company Profile
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Get Free Report)
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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