Oshkosh (NYSE:OSK) Price Target Lowered to $120.00 at KeyCorp

Oshkosh (NYSE:OSK) had its price objective dropped by equities research analysts at KeyCorp from $132.00 to $120.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 44.86% from the company’s current price.

A number of other brokerages have also recently issued reports on OSK. Citigroup lowered their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley upped their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Bank of America raised their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Finally, Truist Financial upped their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $120.38.

Oshkosh Trading Up 1.5 %

OSK stock traded up $1.23 during trading on Tuesday, reaching $82.84. The company had a trading volume of 76,845 shares, compared to its average volume of 748,619. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh has a 52 week low of $76.82 and a 52 week high of $127.94. The business has a 50 day moving average of $100.90 and a 200 day moving average of $101.76. The company has a market cap of $5.35 billion, a P/E ratio of 8.01, a PEG ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last announced 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 net margin of 6.34% and a return on equity of 19.31%. As a group, sell-side analysts forecast that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after buying an additional 28,478 shares during the last quarter. Barclays PLC raised its position in Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after acquiring an additional 32,435 shares during the period. Virtu Financial LLC purchased a new position in shares of Oshkosh during the 3rd quarter worth $504,000. Semanteon Capital Management LP grew its position in shares of Oshkosh by 29.1% during the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock valued at $1,409,000 after acquiring an additional 3,342 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

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.