Oshkosh (NYSE:OSK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Oshkosh (NYSE:OSK - Get Free Report) had its target price upped by equities research analysts at Robert W. Baird from $135.00 to $169.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 52.69% from the stock's current price.

Several other research analysts also recently commented on the stock. Bank of America raised their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, February 10th. The Goldman Sachs Group lowered their price target on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. KeyCorp lowered their price target on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup reaffirmed a "buy" rating and set a $105.00 price target (up previously from $95.00) on shares of Oshkosh in a research report on Tuesday, May 6th. Finally, UBS Group upped their price target on Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $120.29.

Oshkosh Stock Performance

Shares of NYSE:OSK traded up $1.34 during midday trading on Friday, reaching $110.68. The company had a trading volume of 795,787 shares, compared to its average volume of 650,871. The company's 50 day moving average price is $92.57 and its 200 day moving average price is $97.84. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock has a market cap of $7.12 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.45 and a beta of 1.41. Oshkosh has a 52-week low of $76.82 and a 52-week high of $118.39.

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

Hedge Funds Weigh In On Oshkosh

Institutional investors have recently bought and sold shares of the stock. Semanteon Capital Management LP raised its stake in Oshkosh by 29.1% in the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock worth $1,409,000 after buying an additional 3,342 shares in the last quarter. Entropy Technologies LP grew its holdings in Oshkosh by 29.0% in the fourth quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock worth $1,903,000 after purchasing an additional 4,498 shares during the period. State of Alaska Department of Revenue grew its holdings in Oshkosh by 181.7% in the fourth quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company's stock worth $2,035,000 after purchasing an additional 13,815 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Oshkosh in the 4th quarter worth approximately $23,285,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Oshkosh by 9.7% in the 4th quarter. Advisors Asset Management Inc. now owns 54,968 shares of the company's stock worth $5,226,000 after buying an additional 4,846 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

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.