UBS Group Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK - Get Free Report) had its target price lifted by stock analysts at UBS Group from $119.00 to $149.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 17.50% from the company's current price.

Other equities analysts also recently issued research reports about the company. Citigroup reiterated a "buy" rating and issued a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. DA Davidson dropped their price objective 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. Bank of America boosted their price objective on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Finally, The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and raised their price target for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.29.

Oshkosh Stock Performance

Shares of OSK traded up $1.37 during mid-day trading on Thursday, hitting $126.81. The stock had a trading volume of 797,170 shares, compared to its average volume of 677,480. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The firm has a market cap of $8.16 billion, a P/E ratio of 13.55, a PEG ratio of 1.84 and a beta of 1.43. Oshkosh has a 52 week low of $76.82 and a 52 week high of $129.02. The business has a fifty day moving average price of $105.72 and a 200-day moving average price of $99.35.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data 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). Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter last year, the business posted $2.89 EPS. The company's quarterly revenue was down 9.1% on a year-over-year basis. On average, equities research analysts expect that Oshkosh will post 10.96 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OSK. AQR Capital Management LLC lifted its holdings in Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock worth $126,224,000 after buying an additional 992,313 shares during the last quarter. Norges Bank acquired a new position in shares of Oshkosh during the fourth quarter valued at approximately $72,692,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Oshkosh during the 1st quarter valued at about $54,860,000. American Century Companies Inc. boosted its stake in shares of Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after acquiring an additional 384,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Oshkosh by 15.3% during the first 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 owned by institutional investors and hedge funds.

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.

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