Shares of Oshkosh Corp (NYSE:OSK) have been given an average rating of “Buy” by the nineteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $84.27.
Several analysts recently weighed in on the company. Morgan Stanley upped their price objective on Oshkosh from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Bank of America downgraded Oshkosh from a “buy” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research report on Monday, April 13th. Stifel Nicolaus upped their price objective on Oshkosh from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Credit Suisse Group dropped their price objective on Oshkosh from $83.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Royal Bank of Canada restated a “buy” rating and set a $79.00 price objective on shares of Oshkosh in a research report on Sunday, April 19th.
Hedge funds have recently modified their holdings of the company. Aristotle Capital Management LLC lifted its stake in Oshkosh by 25.4% during the first quarter. Aristotle Capital Management LLC now owns 8,875,812 shares of the company’s stock worth $570,981,000 after purchasing an additional 1,796,775 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Oshkosh by 3.2% in the fourth quarter. AQR Capital Management LLC now owns 2,180,367 shares of the company’s stock worth $206,372,000 after purchasing an additional 66,810 shares in the last quarter. FMR LLC lifted its position in shares of Oshkosh by 79.9% in the fourth quarter. FMR LLC now owns 1,668,556 shares of the company’s stock worth $157,929,000 after purchasing an additional 741,027 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Oshkosh by 2.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,520,274 shares of the company’s stock worth $142,797,000 after purchasing an additional 34,521 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Oshkosh by 14.0% in the first quarter. Franklin Resources Inc. now owns 1,355,868 shares of the company’s stock worth $87,223,000 after purchasing an additional 166,741 shares in the last quarter. 93.80% of the stock is owned by institutional investors.
Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, April 29th. The company reported $1.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.25. Oshkosh had a return on equity of 19.08% and a net margin of 6.02%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm posted $1.82 EPS. Oshkosh’s quarterly revenue was down 9.7% on a year-over-year basis. Analysts anticipate that Oshkosh will post 3.98 EPS for the current year.
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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