Oshkosh Co. (NYSE:OSK) has been assigned an average rating of “Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $93.54.
Several research firms have issued reports on OSK. Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a report on Thursday, March 15th. Evercore ISI raised Oshkosh from an “in-line” rating to an “outperform” rating in a report on Friday, February 9th. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Deutsche Bank raised Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Monday, March 19th. Finally, Morgan Stanley began coverage on Oshkosh in a report on Friday, March 2nd. They issued an “equal weight” rating and a $86.00 price target on the stock.
In other Oshkosh news, Director Duncan Palmer sold 1,500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $91.93, for a total transaction of $137,895.00. Following the sale, the director now directly owns 23,095 shares of the company’s stock, valued at approximately $2,123,123.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leslie F. Kenne sold 1,061 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $90.82, for a total transaction of $96,360.02. Following the sale, the director now directly owns 25,320 shares in the company, valued at $2,299,562.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,361 shares of company stock worth $564,480. Company insiders own 1.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of OSK. Cubist Systematic Strategies LLC grew its holdings in shares of Oshkosh by 1,256.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 6,564 shares of the company’s stock valued at $542,000 after acquiring an additional 6,080 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Oshkosh by 1.6% during the 3rd quarter. California Public Employees Retirement System now owns 199,723 shares of the company’s stock valued at $16,485,000 after acquiring an additional 3,123 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Oshkosh by 2.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 369,459 shares of the company’s stock valued at $30,495,000 after acquiring an additional 7,378 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Oshkosh by 11.0% during the 3rd quarter. Prudential Financial Inc. now owns 1,211,995 shares of the company’s stock valued at $100,038,000 after acquiring an additional 120,420 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its holdings in shares of Oshkosh by 38.4% during the 4th quarter. Sit Investment Associates Inc. now owns 34,715 shares of the company’s stock valued at $3,155,000 after acquiring an additional 9,625 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.
NYSE:OSK traded down $6.27 during midday trading on Thursday, hitting $74.56. 1,103,555 shares of the stock were exchanged, compared to its average volume of 799,499. Oshkosh has a one year low of $61.74 and a one year high of $100.26. The stock has a market cap of $6,049.02, a price-to-earnings ratio of 19.04, a PEG ratio of 0.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.86 and a quick ratio of 1.08.
Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company earned $0.26 earnings per share. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. sell-side analysts expect that Oshkosh will post 5.35 EPS for the current year.
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Oshkosh Company Profile
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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