Oshkosh (NYSE:OSK) Upgraded at Truist Financial

Oshkosh (NYSE:OSK - Get Free Report) was upgraded by stock analysts at Truist Financial from a "hold" rating to a "buy" rating in a research note issued on Tuesday, MarketBeat reports. The firm currently has a $127.00 target price on the stock, up from their prior target price of $93.00. Truist Financial's price target would suggest a potential upside of 16.07% from the company's current price.

OSK has been the subject of a number of other research reports. Bank of America lifted their price target on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. The Goldman Sachs Group cut their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. DA Davidson cut their target price on Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. KeyCorp cut their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two equities 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's stock. Based on data from MarketBeat.com, Oshkosh has a consensus rating of "Hold" and an average price target of $120.29.

Oshkosh Stock Down 0.2%

OSK stock traded down $0.19 during mid-day trading on Tuesday, reaching $109.42. 1,266,798 shares of the company traded hands, compared to its average volume of 648,357. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 1.45 and a beta of 1.37. 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 has a fifty-two week low of $76.82 and a fifty-two week high of $118.39. The firm's 50 day moving average price is $92.27 and its 200 day moving average price is $97.99.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 EPS. As a group, equities research analysts predict 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 company. 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 purchasing an additional 138 shares during the last quarter. Parallel Advisors LLC raised 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 acquiring an additional 127 shares during the period. CX Institutional bought a new stake in Oshkosh during the 1st quarter valued at $28,000. Golden State Wealth Management LLC raised its holdings in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after acquiring an additional 186 shares during the period. Finally, Coppell Advisory Solutions LLC raised 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 acquiring an additional 110 shares during the period. Hedge funds and other 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.