Oshkosh Corp (OSK) Receives $87.36 Average Price Target from Analysts

Oshkosh Corp (NYSE:OSK) has received an average rating of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $87.36.

A number of equities research analysts recently issued reports on the stock. KeyCorp dropped their price target on shares of Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 1st. Royal Bank of Canada reissued a “buy” rating and issued a $98.00 price target on shares of Oshkosh in a research note on Wednesday, August 1st. Stifel Nicolaus dropped their price target on shares of Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Sunday, July 15th. Finally, Credit Suisse Group dropped their price target on shares of Oshkosh from $96.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 1st.

Shares of NYSE OSK traded down $1.79 during midday trading on Monday, reaching $65.52. 1,166,652 shares of the stock were exchanged, compared to its average volume of 1,110,999. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 0.54 and a beta of 1.71. Oshkosh has a twelve month low of $51.42 and a twelve month high of $100.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.93 and a quick ratio of 1.21.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, November 1st. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.35. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Oshkosh had a net margin of 6.12% and a return on equity of 19.93%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. Analysts anticipate that Oshkosh will post 6.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.65%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.24. Oshkosh’s dividend payout ratio (DPR) is presently 15.09%.

A number of hedge funds have recently made changes to their positions in the business. Northpointe Capital LLC lifted its holdings in Oshkosh by 2.0% in the 2nd quarter. Northpointe Capital LLC now owns 34,572 shares of the company’s stock valued at $2,431,000 after purchasing an additional 679 shares in the last quarter. MainStreet Investment Advisors LLC lifted its holdings in Oshkosh by 9.0% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 9,296 shares of the company’s stock valued at $654,000 after purchasing an additional 771 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Oshkosh by 9.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 9,244 shares of the company’s stock valued at $650,000 after purchasing an additional 807 shares in the last quarter. Arizona State Retirement System lifted its holdings in Oshkosh by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 51,320 shares of the company’s stock valued at $3,609,000 after purchasing an additional 813 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Oshkosh by 12.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,920 shares of the company’s stock valued at $564,000 after purchasing an additional 880 shares in the last quarter. Institutional investors own 89.36% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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