Oshkosh (NYSE:OSK) Given a $164.00 Price Target by UBS Group Analysts

Key Points

• UBS Group has raised its target stock price for Oshkosh (NYSE:OSK) from $149.00 to $164.00, indicating a potential upside of 19.15% from its previous close.
• Several analysts have also upgraded their ratings on Oshkosh, with Truist Financial increasing its target from $93.00 to $127.00, and Bank of America raising its target from $90.00 to $103.00.
• Oshkosh reported earnings of $3.41 per share for its most recent quarter, surpassing analyst estimates and reflecting a revenue of $2.73 billion.

UBS Group set a $164.00 target price on Oshkosh (NYSE:OSK - Free Report) in a report issued on Tuesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also issued reports on OSK. Citigroup reissued a "buy" rating and set a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Bank of America increased their target price on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Evercore ISI increased their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, KeyCorp lowered their target price on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $133.08.

Oshkosh Trading Down 1.9%

NYSE:OSK opened at $136.82 on Tuesday. The company has a market cap of $8.76 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.43. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a 50 day simple moving average of $118.33 and a two-hundred day simple moving average of $104.05. Oshkosh has a 12 month low of $76.82 and a 12 month high of $139.95.

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

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh's payout ratio is presently 20.48%.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in 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 valued at $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 purchasing an additional 319 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Oshkosh by 17.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company's stock valued at $713,000 after buying an additional 1,146 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted 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 during the last quarter. 92.36% of the stock is owned by institutional investors.

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.