Robert W. Baird Has Lowered Expectations for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target dropped by analysts at Robert W. Baird from $171.00 to $160.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 55.05% from the company’s previous close.

Several other brokerages have also recently commented on OSK. Jefferies Financial Group reduced their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Truist Financial decreased their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Evercore ISI cut their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Stifel Nicolaus lowered their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $123.14.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $103.19 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.81. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. The stock’s 50-day moving average is $102.73 and its 200-day moving average is $107.70. Oshkosh has a one year low of $90.07 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Equities analysts predict that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC raised its position in shares of Oshkosh by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after buying an additional 127 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Oshkosh by 3.0% in the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after purchasing an additional 132 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Oshkosh by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after purchasing an additional 152 shares during the last quarter. NorthRock Partners LLC raised its holdings in shares of Oshkosh by 6.0% during the 1st quarter. NorthRock Partners LLC now owns 2,735 shares of the company’s stock worth $341,000 after buying an additional 155 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Oshkosh by 26.1% during the 1st quarter. Whittier Trust Co. now owns 782 shares of the company’s stock worth $98,000 after buying an additional 162 shares during the last quarter. 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.