Oshkosh (NYSE:OSK) Coverage Initiated by Analysts at Deutsche Bank

Deutsche Bank began coverage on shares of Oshkosh (NYSE:OSK) in a research note issued to investors on Tuesday morning, TipRanks reports. The brokerage issued a buy rating and a $89.00 target price on the stock.

Other equities analysts have also issued research reports about the company. Robert W. Baird cut their target price on Oshkosh from $87.00 to $63.00 and set an outperform rating on the stock in a research note on Tuesday, March 24th. Stifel Nicolaus increased their price target on Oshkosh from $82.00 to $90.00 and gave the stock a buy rating in a report on Thursday, April 30th. TheStreet upgraded Oshkosh from a c+ rating to a b- rating in a report on Thursday, June 18th. Goldman Sachs Group upgraded Oshkosh from a buy rating to a conviction-buy rating in a report on Thursday, June 4th. Finally, Citigroup increased their price target on Oshkosh from $82.00 to $85.00 and gave the stock a buy rating in a report on Thursday, June 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $83.69.

NYSE:OSK opened at $71.62 on Tuesday. Oshkosh has a 1-year low of $46.72 and a 1-year high of $95.62. The business’s 50-day moving average price is $71.10 and its two-hundred day moving average price is $75.75. The company has a current ratio of 1.96, a quick ratio of 1.04 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 1.97 and a beta of 1.57.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, April 29th. The company reported $1.25 earnings per share for the quarter, meeting the consensus estimate of $1.25. Oshkosh had a return on equity of 19.08% and a net margin of 6.02%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. Sell-side analysts predict that Oshkosh will post 3.98 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV grew its stake in Oshkosh by 11.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 23,915 shares of the company’s stock valued at $2,264,000 after purchasing an additional 2,382 shares in the last quarter. Advisor Group Inc. grew its stake in Oshkosh by 3.8% in the fourth quarter. Advisor Group Inc. now owns 12,047 shares of the company’s stock valued at $1,141,000 after purchasing an additional 445 shares in the last quarter. Franklin Resources Inc. grew its stake in Oshkosh by 18.6% in the fourth quarter. Franklin Resources Inc. now owns 1,189,127 shares of the company’s stock valued at $112,551,000 after purchasing an additional 186,327 shares in the last quarter. Norges Bank bought a new position in Oshkosh in the fourth quarter valued at approximately $80,163,000. Finally, Marshall Wace LLP grew its stake in Oshkosh by 603.2% in the fourth quarter. Marshall Wace LLP now owns 5,119 shares of the company’s stock valued at $485,000 after purchasing an additional 4,391 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

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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