Oshkosh (NYSE:OSK) Upgraded by Evercore ISI to “Outperform”

Evercore ISI upgraded shares of Oshkosh (NYSE:OSK) from an in-line rating to an outperform rating in a research note issued to investors on Thursday, BenzingaRatingsTable reports. Evercore ISI currently has $79.00 price objective on the stock.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Oshkosh from a hold rating to a buy rating and set a $88.00 target price on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. lowered shares of Oshkosh from an overweight rating to a neutral rating and raised their price target for the stock from $80.00 to $85.00 in a report on Wednesday, May 1st. Citigroup raised their price target on shares of Oshkosh from $85.00 to $95.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Finally, UBS Group assumed coverage on shares of Oshkosh in a report on Tuesday, April 23rd. They set a neutral rating and a $85.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $83.18.

NYSE:OSK traded up $0.19 during mid-day trading on Thursday, hitting $76.29. 853,090 shares of the company’s stock were exchanged, compared to its average volume of 652,829. The stock’s 50 day moving average is $82.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.86 and a quick ratio of 1.03. Oshkosh has a fifty-two week low of $51.42 and a fifty-two week high of $86.45. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.93 and a beta of 1.99.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, August 1st. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.37 by $0.35. Oshkosh had a net margin of 6.76% and a return on equity of 21.98%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company earned $2.20 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, analysts forecast that Oshkosh will post 7.78 earnings per share for the current year.

In related news, VP James W. Johnson sold 11,029 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total value of $838,755.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Personal Wealth Partners bought a new stake in shares of Oshkosh during the second quarter valued at about $25,000. FinTrust Capital Advisors LLC lifted its stake in Oshkosh by 1,128.6% in the first quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock worth $26,000 after acquiring an additional 316 shares during the period. Gemmer Asset Management LLC lifted its stake in Oshkosh by 99.6% in the first quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock worth $42,000 after acquiring an additional 281 shares during the period. Advisory Services Network LLC lifted its stake in Oshkosh by 85.1% in the fourth quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock worth $45,000 after acquiring an additional 336 shares during the period. Finally, Machina Capital S.A.S. lifted its stake in Oshkosh by 255.9% in the second quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock worth $48,000 after acquiring an additional 412 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

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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