Evercore ISI Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target upped by analysts at Evercore ISI from $122.00 to $137.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price target suggests a potential upside of 25.13% from the stock’s previous close.

Several other research analysts also recently issued reports on OSK. Bank of America lifted their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Citigroup cut their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. KeyCorp lifted their price target on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Robert W. Baird dropped their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.23.

Oshkosh Price Performance

Oshkosh stock traded up $0.29 during midday trading on Wednesday, reaching $109.49. The company’s stock had a trading volume of 78,149 shares, compared to its average volume of 730,699. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock’s 50 day simple moving average is $99.57 and its 200 day simple moving average is $102.94. The firm has a market capitalization of $7.12 billion, a PE ratio of 10.58, a P/E/G ratio of 1.42 and a beta of 1.23.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, equities research analysts forecast that Oshkosh will post 10.96 earnings per share for the current year.

Hedge Funds Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently modified their holdings of OSK. Raymond James & Associates lifted its stake in shares of Oshkosh by 2.0% in the 3rd quarter. Raymond James & Associates now owns 77,269 shares of the company’s stock valued at $7,743,000 after purchasing an additional 1,537 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Oshkosh by 3.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 23,412 shares of the company’s stock valued at $2,346,000 after purchasing an additional 797 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Oshkosh by 34.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,904 shares of the company’s stock valued at $291,000 after purchasing an additional 737 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after purchasing an additional 233,218 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

About Oshkosh

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.