JPMorgan Chase & Co. Boosts Oshkosh (NYSE:OSK) Price Target to $106.00

Oshkosh (NYSE:OSK - Free Report) had its price target upped by JPMorgan Chase & Co. from $92.00 to $106.00 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

OSK has been the topic of a number of other reports. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and upped their price objective for the company from $93.00 to $127.00 in a research note on Tuesday. Citigroup restated a "buy" rating and set a $105.00 price objective (up previously from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. DA Davidson lowered their price objective on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Robert W. Baird reduced their target price on shares of Oshkosh from $163.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Oshkosh has a consensus rating of "Hold" and an average price target of $120.29.

Oshkosh Stock Performance

Shares of NYSE OSK traded down $0.19 during mid-day trading on Friday, reaching $109.42. 1,266,798 shares of the company were exchanged, compared to its average volume of 648,357. Oshkosh has a twelve month low of $76.82 and a twelve month high of $118.39. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company's 50-day simple moving average is $92.27 and its 200-day simple moving average is $97.99. The stock has a market capitalization of $7.04 billion, a P/E ratio of 10.57, a P/E/G ratio of 1.45 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm earned $2.89 EPS. Oshkosh's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, research analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.86%. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its holdings in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 127 shares in the last quarter. Blue Trust Inc. increased its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. CX Institutional purchased a new stake in Oshkosh in the first quarter worth $28,000. Coppell Advisory Solutions LLC increased its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares during the period. Finally, Golden State Wealth Management LLC grew its position in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after buying an additional 186 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

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.