Oshkosh (NYSE:OSK) Given New $116.00 Price Target at The Goldman Sachs Group

Oshkosh (NYSE:OSK) had its target price lowered by analysts at The Goldman Sachs Group from $135.00 to $116.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 20.27% from the company’s previous close.

Several other brokerages have also recently commented on OSK. Evercore ISI lifted their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. KeyCorp lifted their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Bank of America lifted their target price on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Truist Financial lifted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Citigroup cut their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $124.38.

Oshkosh Stock Performance

OSK stock traded up $0.91 during trading on Wednesday, reaching $96.45. The company had a trading volume of 17,358 shares, compared to its average volume of 732,423. The firm has a 50-day simple moving average of $101.11 and a 200-day simple moving average of $102.47. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last released 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 net margin of 6.34% and a return on equity of 19.31%. As a group, sell-side analysts expect that Oshkosh will post 10.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OSK. Blue Trust Inc. lifted its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after buying an additional 110 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in Oshkosh during the fourth quarter worth about $32,000. Brooklyn Investment Group acquired a new stake in shares of Oshkosh during the third quarter worth about $34,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth about $34,000. Institutional investors and hedge funds 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.