Oshkosh (NYSE:OSK) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Oshkosh (NYSE:OSK) had its target price boosted by equities research analysts at Morgan Stanley from $147.00 to $155.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 1.96% from the company’s previous close.

OSK has been the subject of a number of other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their target price on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Barclays assumed coverage on shares of Oshkosh in a research report on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 target price for the company. Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, UBS Group dropped their price target on Oshkosh from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.31.

Oshkosh Stock Down 2.9%

Shares of OSK stock traded down $4.58 during mid-day trading on Friday, hitting $152.03. The company’s stock had a trading volume of 151,626 shares, compared to its average volume of 727,098. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.11 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98. Oshkosh has a 52-week low of $76.82 and a 52-week high of $158.53. The business has a 50-day moving average price of $133.71 and a 200 day moving average price of $132.64.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the firm posted $2.93 earnings per share. Oshkosh’s revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Research analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

Large investors have recently added to or reduced their stakes in the company. Sivia Capital Partners LLC increased its stake in shares of Oshkosh by 2.8% in the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after purchasing an additional 81 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Oshkosh by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after buying an additional 87 shares during the period. Tower Research Capital LLC TRC increased its stake in Oshkosh by 6.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after buying an additional 100 shares in the last quarter. First Business Financial Services Inc. raised its holdings in Oshkosh by 0.9% during the third quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock valued at $1,536,000 after acquiring an additional 103 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.