Oshkosh (NYSE:OSK) Price Target Raised to $148.00 at DA Davidson

Oshkosh (NYSE:OSK - Get Free Report) had its price target raised by investment analysts at DA Davidson from $111.00 to $148.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's price target indicates a potential upside of 18.21% from the stock's previous close.

A number of other brokerages have also weighed in on OSK. UBS Group boosted their price objective on shares of Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Bank of America upped their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. Morgan Stanley lowered their price target on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Robert W. Baird upped their price target on shares of Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.69.

Oshkosh Price Performance

NYSE:OSK traded up $2.62 during mid-day trading on Tuesday, hitting $125.20. 201,525 shares of the stock traded hands, compared to its average volume of 681,937. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Oshkosh has a 12-month low of $76.82 and a 12-month high of $129.02. The company has a market cap of $8.06 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.43. The business's 50-day moving average price is $110.62 and its 200 day moving average price is $100.88.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly 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). The company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. Oshkosh's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.89 EPS. On average, analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

Several institutional investors have recently made changes to their positions in OSK. Synovus Financial Corp raised its stake in Oshkosh by 0.4% during the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock worth $2,886,000 after acquiring an additional 106 shares during the period. Farther Finance Advisors LLC grew its holdings in Oshkosh by 21.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company's stock valued at $67,000 after buying an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC grew its holdings in 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 buying an additional 110 shares in the last quarter. Captrust Financial Advisors grew its holdings in Oshkosh by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after buying an additional 122 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after buying an additional 127 shares in 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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