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

Oshkosh (NYSE:OSK - Get Free Report) had its target price boosted by investment analysts at Robert W. Baird from $135.00 to $169.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 54.45% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Evercore ISI increased their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, May 19th. DA Davidson cut their target price 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. UBS Group increased their target price on shares of Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Citigroup reiterated a "buy" rating and issued a $105.00 target price (up from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. Finally, Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and increased their target price for the stock from $93.00 to $127.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $120.29.

Oshkosh Trading Down 0.2%

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

Oshkosh (NYSE:OSK - Get Free Report) last announced 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 net margin of 6.34% and a return on equity of 19.31%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the company earned $2.89 earnings per share. The company's quarterly revenue was down 9.1% on a year-over-year basis. Equities research analysts forecast that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Institutional Trading of Oshkosh

A number of large investors have recently added to or reduced their stakes in the company. Synovus Financial Corp lifted its stake in Oshkosh by 0.4% in the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after acquiring an additional 106 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Captrust Financial Advisors lifted its stake in Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after acquiring an additional 122 shares during the last quarter. Parallel Advisors LLC lifted its stake in Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

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.