Oshkosh (NYSE:OSK) Stock Price Expected to Rise, Evercore ISI Analyst Says

Oshkosh (NYSE:OSK) had its price target raised by stock analysts at Evercore ISI from $122.00 to $137.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 24.11% from the company’s previous close.

Several other equities analysts also recently commented on OSK. UBS Group upped their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley upped their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Citigroup lowered their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and an average target price of $126.23.

Oshkosh Stock Performance

NYSE OSK opened at $110.39 on Wednesday. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.44 and a beta of 1.23. The company has a 50-day simple moving average of $99.89 and a two-hundred day simple moving average of $103.04. 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 has a 12-month low of $89.08 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, equities analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $531,000. Forum Financial Management LP bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Oshkosh by 4.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,069 shares of the company’s stock valued at $16,549,000 after purchasing an additional 8,087 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of Oshkosh by 48.3% during the fourth quarter. Voloridge Investment Management LLC now owns 476,419 shares of the company’s stock valued at $45,293,000 after purchasing an additional 155,182 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Oshkosh by 23.3% during the fourth quarter. Squarepoint Ops LLC now owns 231,640 shares of the company’s stock valued at $22,022,000 after purchasing an additional 43,749 shares in the last quarter. 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.