Raymond James Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target upped by Raymond James from $125.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. Raymond James currently has an outperform rating on the stock.

OSK has been the subject of several other reports. JPMorgan Chase & Co. reduced their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Citigroup dropped their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Robert W. Baird cut their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. KeyCorp lifted their price target on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Truist Financial raised their target price on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.25.

Oshkosh Stock Up 2.7 %

Shares of OSK stock opened at $116.30 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock’s 50-day simple moving average is $99.78 and its 200-day simple moving average is $103.08. The firm has a market capitalization of $7.57 billion, a PE ratio of 11.29, a P/E/G ratio of 1.72 and a beta of 1.21.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities analysts expect that Oshkosh will post 11.34 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.75%. Oshkosh’s dividend payout ratio is presently 17.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OSK. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh during the third quarter worth approximately $25,000. Blue Trust Inc. grew its position in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new position in Oshkosh in the 4th quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh during the 3rd quarter worth $34,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Oshkosh in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.