Oshkosh (NYSE:OSK) Rating Increased to Buy at Truist Financial

Oshkosh (NYSE:OSK - Get Free Report) was upgraded by analysts at Truist Financial from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has a $127.00 price target on the stock, up from their previous price target of $93.00. Truist Financial's target price would indicate a potential upside of 15.81% from the company's previous close.

A number of other research analysts have also weighed in on OSK. Robert W. Baird decreased their target price on Oshkosh from $163.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $100.00 to $92.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. UBS Group raised their target price on shares of Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Citigroup reaffirmed a "buy" rating and set a $105.00 target price (up previously from $95.00) on shares of Oshkosh in a report on Tuesday, May 6th. Finally, Bank of America upped their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $117.36.

Oshkosh Stock Performance

Shares of OSK stock traded up $7.53 on Tuesday, reaching $109.66. The stock had a trading volume of 2,693,345 shares, compared to its average volume of 642,960. Oshkosh has a 12 month low of $76.82 and a 12 month high of $118.39. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 1.45 and a beta of 1.37. The firm's 50-day moving average is $91.65 and its two-hundred day moving average is $97.98. 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 results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $2.89 EPS. Oshkosh's quarterly revenue was down 9.1% compared to the same quarter last year. On average, research analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in shares of Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock valued at $126,224,000 after acquiring an additional 992,313 shares during the period. Norges Bank bought a new stake in Oshkosh during the fourth quarter worth about $72,692,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Oshkosh during the first quarter worth about $54,860,000. American Century Companies Inc. increased its holdings in Oshkosh by 23.3% in the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after buying an additional 384,141 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Oshkosh by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock valued at $251,417,000 after buying an additional 354,714 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.