Oshkosh (NYSE:OSK) had its price target reduced by investment analysts at Morgan Stanley from $91.00 to $90.00 in a research note issued on Friday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 14.33% from the stock’s previous close.
OSK has been the topic of a number of other reports. CSFB lowered their target price on shares of Oshkosh from $83.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Citigroup raised their target price on shares of Oshkosh from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. ValuEngine raised shares of Oshkosh from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Raymond James began coverage on shares of Oshkosh in a report on Monday, July 27th. They issued an “outperform” rating and a $85.00 price target for the company. Finally, UBS Group reduced their price target on shares of Oshkosh from $89.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $83.73.
Shares of OSK opened at $78.72 on Friday. Oshkosh has a 12 month low of $46.72 and a 12 month high of $95.62. The company’s fifty day moving average is $74.00 and its 200-day moving average is $72.87. The company has a quick ratio of 1.04, a current ratio of 2.12 and a debt-to-equity ratio of 0.30. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.54.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley grew its holdings in Oshkosh by 1.1% during the first quarter. Morgan Stanley now owns 164,445 shares of the company’s stock valued at $10,579,000 after purchasing an additional 1,769 shares during the period. Franklin Resources Inc. grew its holdings in Oshkosh by 18.6% during 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 during the period. Advisor Group Holdings Inc. bought a new position in Oshkosh in the first quarter valued at approximately $971,000. Norges Bank bought a new position in Oshkosh in the fourth quarter valued at approximately $80,163,000. Finally, Deutsche Bank AG lifted its stake in Oshkosh by 67.5% in the first quarter. Deutsche Bank AG now owns 69,178 shares of the company’s stock valued at $4,451,000 after buying an additional 27,873 shares in the last quarter. Hedge funds and other institutional investors own 93.32% of the company’s stock.
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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