Evercore ISI Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its price target upped by equities researchers at Evercore ISI from $137.00 to $147.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 43.77% from the company’s current price.

A number of other analysts have also issued reports on OSK. Truist Financial cut their target price on Oshkosh from $94.00 to $93.00 and set a “hold” rating on the stock in a research report on Thursday, May 1st. Citigroup reaffirmed a “buy” rating and issued a $105.00 price objective (up from $95.00) on shares of Oshkosh in a research note on Tuesday, May 6th. Raymond James increased their target price on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group dropped their target price on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, DA Davidson cut their price target on shares of Oshkosh from $120.00 to $111.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.93.

Oshkosh Stock Down 0.4%

Shares of NYSE OSK opened at $102.25 on Monday. Oshkosh has a 1 year low of $76.82 and a 1 year high of $118.90. The company has a market capitalization of $6.58 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.45 and a beta of 1.37. The company has a 50 day simple moving average of $91.06 and a 200-day simple moving average of $98.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the company earned $2.89 EPS. On average, equities research analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after purchasing an additional 992,313 shares during the last quarter. Norges Bank acquired a new stake in Oshkosh during the fourth quarter worth approximately $72,692,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Oshkosh in the 1st quarter valued at $54,860,000. American Century Companies Inc. grew its position in shares of Oshkosh by 23.3% in the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after buying an additional 384,141 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Oshkosh by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock worth $251,417,000 after acquiring an additional 354,714 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.