Oshkosh (NYSE:OSK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Oshkosh (NYSE:OSK) had its price objective raised by stock analysts at JPMorgan Chase & Co. from $115.00 to $127.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 7.82% from the company’s current price.

Other research analysts have also recently issued reports about the company. Truist Financial boosted their target price on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday. Raymond James lifted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday. KeyCorp increased their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group decreased their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Citigroup dropped their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $124.36.

Oshkosh Trading Up 4.0 %

OSK traded up $4.53 during mid-day trading on Friday, hitting $117.79. 680,760 shares of the stock were exchanged, compared to its average volume of 663,044. The company has a market cap of $7.66 billion, a PE ratio of 11.49, a PEG ratio of 1.72 and a beta of 1.21. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $99.69 and its two-hundred day moving average is $103.04. Oshkosh has a 1-year low of $89.08 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities analysts forecast that Oshkosh will post 11.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently modified their holdings of the stock. Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.6% in the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after acquiring an additional 15,622 shares during the period. FMR LLC lifted its position in Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after purchasing an additional 39,235 shares during the period. Geode Capital Management LLC boosted its holdings in Oshkosh by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after purchasing an additional 10,357 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Oshkosh by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after purchasing an additional 4,974 shares during the period. Finally, Equity Investment Corp raised its stake in shares of Oshkosh by 1.5% during the 3rd quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after buying an additional 8,611 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.