JPMorgan Chase & Co. Cuts Oshkosh (NYSE:OSK) Price Target to $115.00

Oshkosh (NYSE:OSK) had its price target reduced by JPMorgan Chase & Co. from $125.00 to $115.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Truist Financial boosted their target price on Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, UBS Group lowered their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $121.77.

Oshkosh Trading Up 0.6 %

OSK stock opened at $94.53 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.94 and a beta of 1.21. The business’s 50-day moving average is $102.45 and its 200 day moving average is $103.59.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. On average, sell-side analysts anticipate that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

Institutional Trading of Oshkosh

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSK. V Square Quantitative Management LLC purchased a new stake in Oshkosh in the third quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in shares of Oshkosh during the third quarter worth $34,000. International Assets Investment Management LLC increased its position in shares of Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after acquiring an additional 893 shares during the period. Venturi Wealth Management LLC increased its position in shares of Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after acquiring an additional 262 shares during the period. Finally, KBC Group NV increased its position in shares of Oshkosh by 15.2% during the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.