Oshkosh (NYSE:OSK) Stock Price Target Cut by DA Davidson

Oshkosh (NYSE:OSK – Get Free Report) had its target price dropped by investment analysts at DA Davidson from $168.00 to $164.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson‘s price objective suggests a potential upside of 12.36% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Friday, October 9th. Citigroup dropped their price objective on Oshkosh from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Wall Street Zen lowered Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Robert W. Baird raised their target price on Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Zacks Research downgraded shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Eleven equities 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 stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and a consensus price target of $164.93.

Check Out Our Latest Stock Analysis on OSK

Oshkosh Price Performance

Shares of NYSE OSK traded up $6.02 during trading on Monday, reaching $145.96. The company had a trading volume of 200,334 shares, compared to its average volume of 743,860. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.72. The stock has a market cap of $9.01 billion, a PE ratio of 18.44, a PEG ratio of 1.25 and a beta of 1.26. The business’s 50 day moving average price is $139.82 and its 200-day moving average price is $146.40. Oshkosh has a 52 week low of $116.77 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.06 by ($0.65). The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.94 billion. Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.20 EPS. Analysts expect that Oshkosh will post 8.94 earnings per share for the current year.

Insider Activity

In related news, Director John Pfeifer sold 778 shares of Oshkosh stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $150.00, for a total value of $116,700.00. Following the sale, the director owned 150,669 shares of the company’s stock, valued at approximately $22,600,350. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in shares of Oshkosh by 1.3% during the 3rd quarter. Covestor Ltd now owns 6,648 shares of the company’s stock worth $856,000 after purchasing an additional 87 shares during the last quarter. Associated Banc Corp bought a new stake in shares of Oshkosh in the 3rd quarter valued at about $242,000. Integrity Alliance LLC. lifted its position in shares of Oshkosh by 23.0% in the third quarter. Integrity Alliance LLC. now owns 2,959 shares of the company’s stock valued at $381,000 after buying an additional 553 shares during the last quarter. One Way Holdings LLC bought a new position in Oshkosh during the third quarter worth $15,901,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Oshkosh during the 3rd quarter worth about $77,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

(Get Free Report)

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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