Raymond James Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its price target boosted by equities researchers at Raymond James from $125.00 to $130.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 11.78% from the company’s previous close.

A number of other brokerages have also recently issued reports on OSK. Robert W. Baird reduced their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Truist Financial upped their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday. Citigroup reduced their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. UBS Group lowered 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, JPMorgan Chase & Co. decreased their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.25.

Oshkosh Stock Up 2.7 %

Shares of NYSE OSK opened at $116.30 on Friday. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98. The firm’s 50-day moving average is $99.78 and its 200-day moving average is $103.01. 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 has a market capitalization of $7.57 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21.

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 6.41% and a return on equity of 19.87%. Equities analysts expect that Oshkosh will post 11.34 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC boosted its position in Oshkosh by 2.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after purchasing an additional 146 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after purchasing an additional 157 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of Oshkosh by 11.1% during the 4th quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock worth $204,000 after purchasing an additional 214 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after purchasing an additional 220 shares in 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.