Citigroup Initiates Coverage on Oshkosh (NYSE:OSK)

Research analysts at Citigroup started coverage on shares of Oshkosh (NYSE:OSK) in a research note issued to investors on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $130.00 price target on the stock. Citigroup’s price target indicates a potential upside of 23.35% from the stock’s current price.

OSK has been the subject of several other research reports. Bank of America lifted their price target on Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 28th. Stifel Nicolaus increased their price target on shares of Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, April 26th. StockNews.com cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and increased their target price for the company from $122.00 to $130.00 in a report on Friday, March 1st. Finally, Truist Financial boosted their price target on shares of Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.94.

Oshkosh Price Performance

Shares of NYSE OSK opened at $105.39 on Wednesday. The firm has a market capitalization of $6.89 billion, a P/E ratio of 10.09, a P/E/G ratio of 1.03 and a beta of 1.26. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $113.52 and its two-hundred day simple moving average is $112.77. Oshkosh has a twelve month low of $81.51 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm posted $1.59 earnings per share. Oshkosh’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts anticipate that Oshkosh will post 11.17 EPS for the current fiscal year.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently bought and sold shares of OSK. Atlas Capital Advisors LLC lifted its position in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the period. Headlands Technologies LLC purchased a new stake in Oshkosh in the first quarter worth approximately $31,000. Rise Advisors LLC lifted its holdings in shares of Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after buying an additional 181 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after acquiring an additional 111 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at about $42,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Company Profile

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.