Oshkosh (NYSE:OSK) Price Target Lowered to $109.00 at Truist Financial

Oshkosh (NYSE:OSK) had its target price cut by research analysts at Truist Financial from $116.00 to $109.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 15.70% from the stock’s current price.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup decreased their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday. UBS Group decreased their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.77.

Oshkosh Price Performance

Shares of NYSE:OSK traded up $0.20 during trading on Thursday, reaching $94.21. The stock had a trading volume of 12,192 shares, compared to its average volume of 547,982. Oshkosh has a 52 week low of $89.08 and a 52 week high of $127.98. The business’s 50-day moving average price is $102.45 and its 200 day moving average price is $103.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock has a market capitalization of $6.13 billion, a PE ratio of 9.15, a P/E/G ratio of 0.94 and a beta of 1.21.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. As a group, equities analysts predict that Oshkosh will post 11.35 earnings per share for the current year.

Institutional Investors Weigh In On Oshkosh

Institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in shares of Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after acquiring an additional 233,218 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Oshkosh during the 2nd quarter worth approximately $11,368,000. BNP Paribas Financial Markets raised its stake in shares of Oshkosh by 154.9% during the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after acquiring an additional 97,282 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Oshkosh by 15.9% during the second quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after acquiring an additional 85,698 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Oshkosh by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after acquiring an additional 78,235 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.