The Goldman Sachs Group Cuts Oshkosh (NYSE:OSK) Price Target to $116.00

Oshkosh (NYSE:OSK) had its price objective decreased by research analysts at The Goldman Sachs Group from $135.00 to $116.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 18.76% from the stock’s previous close.

Several other research analysts also recently weighed in on OSK. JPMorgan Chase & Co. cut their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday. KeyCorp boosted their price target on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Morgan Stanley upped their price objective on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Finally, Raymond James upped their price objective on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target of $124.38.

Oshkosh Trading Up 0.4 %

Shares of OSK opened at $97.68 on Wednesday. The stock has a fifty day moving average of $101.32 and a two-hundred day moving average of $102.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The company has a market capitalization of $6.30 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

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

Institutional Trading of Oshkosh

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after purchasing an additional 28,478 shares in the last quarter. Barclays PLC boosted its position in Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after buying an additional 32,435 shares during the last quarter. Virtu Financial LLC purchased a new position in Oshkosh in the 3rd quarter valued at about $504,000. Y Intercept Hong Kong Ltd boosted its position in Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after buying an additional 7,334 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its position in Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock valued at $14,144,000 after buying an additional 4,680 shares during the last quarter. 92.36% of the stock is currently 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.