Oshkosh Corp (NYSE:OSK) Receives Consensus Rating of “Hold” from Brokerages

Shares of Oshkosh Corp (NYSE:OSK) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $84.86.

A number of equities research analysts have recently commented on OSK shares. Citigroup lifted their target price on Martin Marietta Materials from $239.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Evercore ISI reissued an “in-line” rating and issued a $31.00 price objective (down previously from $40.00) on shares of Terex in a report on Friday, May 31st. Finally, UBS Group set a $36.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Tuesday, April 23rd.

NYSE:OSK traded down $1.80 during trading hours on Friday, hitting $80.95. 1,231,459 shares of the company traded hands, compared to its average volume of 504,719. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.86. The business’s 50-day simple moving average is $80.55. Oshkosh has a one year low of $51.42 and a one year high of $86.45. The firm has a market cap of $6.00 billion, a P/E ratio of 12.73, a PEG ratio of 0.95 and a beta of 1.99.

Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, April 30th. The company reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.20. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Oshkosh had a return on equity of 21.98% and a net margin of 6.76%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS. On average, analysts forecast that Oshkosh will post 7.78 earnings per share for the current fiscal year.

In related news, VP James W. Johnson sold 11,029 shares of Oshkosh stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total transaction of $838,755.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Oshkosh in the 4th quarter worth about $697,000. Segall Bryant & Hamill LLC lifted its position in shares of Oshkosh by 2.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 42,405 shares of the company’s stock valued at $2,600,000 after acquiring an additional 1,135 shares in the last quarter. Corient Capital Partners LLC lifted its position in shares of Oshkosh by 7.4% in the 1st quarter. Corient Capital Partners LLC now owns 16,486 shares of the company’s stock valued at $1,238,000 after acquiring an additional 1,132 shares in the last quarter. Donaldson Capital Management LLC purchased a new stake in shares of Oshkosh in the 1st quarter valued at approximately $2,715,000. Finally, Stone Ridge Asset Management LLC lifted its position in shares of Oshkosh by 35.2% in the 4th quarter. Stone Ridge Asset Management LLC now owns 31,137 shares of the company’s stock valued at $1,909,000 after acquiring an additional 8,099 shares in the last quarter. Hedge funds and other institutional investors own 88.74% 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 services; and chassis and service parts sales.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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