Oshkosh (NYSE:OSK) had its price target upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $111.00 to $135.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 13.44% from the company’s previous close.
Several other equities research analysts have also commented on the company. Morgan Stanley upped their price target on Oshkosh from $111.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, April 12th. Raymond James increased their target price on Oshkosh from $100.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, March 2nd. Jefferies Financial Group upgraded Oshkosh from a “hold” rating to a “buy” rating and increased their target price for the company from $100.00 to $125.00 in a research note on Wednesday, February 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Oshkosh from $130.00 to $135.00 in a report on Tuesday, March 16th. Finally, Citigroup increased their price target on Oshkosh from $130.00 to $135.00 in a report on Tuesday, March 16th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $120.00.
Shares of NYSE:OSK opened at $119.01 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.23 and a debt-to-equity ratio of 0.29. Oshkosh has a 52-week low of $55.33 and a 52-week high of $125.00. The stock’s fifty day simple moving average is $117.50 and its 200-day simple moving average is $94.04. The company has a market capitalization of $8.14 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.02 and a beta of 1.63.
In related news, EVP Ignacio A. Cortina sold 8,450 shares of Oshkosh stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $96.47, for a total transaction of $815,171.50. Following the completion of the transaction, the executive vice president now owns 34,065 shares of the company’s stock, valued at $3,286,250.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Wilson R. Jones sold 3,074 shares of Oshkosh stock in a transaction on Monday, February 1st. The stock was sold at an average price of $93.19, for a total transaction of $286,466.06. Following the transaction, the chief executive officer now directly owns 167,596 shares of the company’s stock, valued at approximately $15,618,271.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,450 shares of company stock worth $3,148,649. Insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSK. Simon Quick Advisors LLC purchased a new position in Oshkosh in the fourth quarter valued at about $43,000. IFP Advisors Inc lifted its stake in shares of Oshkosh by 126.8% during the 4th quarter. IFP Advisors Inc now owns 778 shares of the company’s stock valued at $67,000 after buying an additional 435 shares in the last quarter. Parallel Advisors LLC increased its holdings in Oshkosh by 17.9% during the 4th quarter. Parallel Advisors LLC now owns 1,021 shares of the company’s stock worth $88,000 after acquiring an additional 155 shares during the period. Sowell Financial Services LLC increased its holdings in shares of Oshkosh by 55.9% in the 4th quarter. Sowell Financial Services LLC now owns 1,498 shares of the company’s stock worth $129,000 after buying an additional 537 shares during the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of Oshkosh in the 4th quarter valued at $131,000. Hedge funds and other institutional investors own 91.91% 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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