Morgan Stanley Has Lowered Expectations for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its target price lowered by equities researchers at Morgan Stanley from $155.00 to $144.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential downside of 8.41% from the company’s previous close.

Several other research firms have also recently weighed in on OSK. Citigroup reduced their target price on shares of Oshkosh from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Sanford C. Bernstein upped their target price on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. DA Davidson raised their target price on Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Robert W. Baird set a $182.00 price target on shares of Oshkosh in a report on Friday. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $159.60.

Oshkosh Stock Performance

NYSE:OSK traded up $7.75 during mid-day trading on Tuesday, hitting $157.23. 216,964 shares of the company’s stock traded hands, compared to its average volume of 834,373. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 2.07 and a beta of 1.43. The firm has a 50 day moving average of $137.43 and a two-hundred day moving average of $133.95. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. Oshkosh has a 12 month low of $76.82 and a 12 month high of $158.53.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OSK. Asset Management One Co. Ltd. acquired a new stake in shares of Oshkosh during the 3rd quarter worth about $1,399,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Oshkosh by 729.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,574 shares of the company’s stock valued at $2,020,000 after acquiring an additional 13,696 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Oshkosh by 30.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,905 shares of the company’s stock valued at $2,260,000 after purchasing an additional 4,650 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Oshkosh by 2,101.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,676 shares of the company’s stock valued at $417,000 after purchasing an additional 3,509 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of Oshkosh by 171.3% in the 3rd quarter. Voya Investment Management LLC now owns 25,200 shares of the company’s stock valued at $3,268,000 after buying an additional 15,913 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Company Profile

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.