Robert W. Baird Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Key Points

• Robert W. Baird raised their price target for Oshkosh (NYSE:OSK) from $169.00 to $188.00, suggesting a potential upside of 44.01% from the stock's previous close.
• Oshkosh reported an EPS of $3.41 for the recent quarter, exceeding analysts' expectations and marking a slight decline in revenue compared to the previous year.
• Despite the positive outlook from Baird, other firms like Morgan Stanley and Bank of America have issued lower price targets and hold ratings on the stock, indicating mixed sentiments among analysts.

Oshkosh (NYSE:OSK - Get Free Report) had its price objective hoisted by equities researchers at Robert W. Baird from $169.00 to $188.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 44.01% from the stock's previous close.

A number of other research firms have also recently commented on OSK. Morgan Stanley decreased their price target on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Bank of America raised their price objective on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. KeyCorp dropped their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and increased their price target for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. Finally, Evercore ISI raised their price target on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $130.83.

Oshkosh Trading Up 3.2%

Oshkosh stock opened at $130.55 on Monday. The stock has a 50-day moving average of $116.04 and a two-hundred day moving average of $103.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. Oshkosh has a one year low of $76.82 and a one year high of $133.86. The stock has a market cap of $8.40 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same period last year, the business posted $3.34 earnings per share. The firm's revenue was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Trading of Oshkosh

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Oshkosh by 0.4% in the first quarter. Principal Financial Group Inc. now owns 149,716 shares of the company's stock worth $14,085,000 after buying an additional 553 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Oshkosh in the first quarter worth about $263,000. DAVENPORT & Co LLC boosted its stake in shares of Oshkosh by 5.6% during the 1st quarter. DAVENPORT & Co LLC now owns 6,040 shares of the company's stock worth $568,000 after acquiring an additional 319 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Oshkosh by 17.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company's stock worth $713,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Oshkosh by 20.1% during the 1st quarter. Teacher Retirement System of Texas now owns 25,137 shares of the company's stock worth $2,365,000 after acquiring an additional 4,203 shares in the last quarter. Hedge funds and other institutional investors 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.

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