Oshkosh Co. (NYSE:OSK) Receives $126.94 Consensus PT from Brokerages

Oshkosh Co. (NYSE:OSKGet Free Report) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $126.94.

Several brokerages have recently weighed in on OSK. Stifel Nicolaus raised their price target on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Truist Financial raised 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. Bank of America raised their price target on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 28th. Robert W. Baird raised their price target on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. increased their price objective on Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th.

View Our Latest Stock Analysis on Oshkosh

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently added to or reduced their stakes in OSK. Cetera Investment Advisers lifted its holdings in shares of Oshkosh by 772.9% during the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after buying an additional 24,269 shares in the last quarter. Burney Co. lifted its holdings in shares of Oshkosh by 10.2% during the first quarter. Burney Co. now owns 32,567 shares of the company’s stock worth $4,061,000 after buying an additional 3,016 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Oshkosh by 10.6% during the first quarter. Atria Investments Inc now owns 16,214 shares of the company’s stock worth $2,020,000 after buying an additional 1,551 shares in the last quarter. Delphi Management Inc. MA lifted its holdings in shares of Oshkosh by 8.6% during the first quarter. Delphi Management Inc. MA now owns 15,951 shares of the company’s stock worth $1,989,000 after buying an additional 1,257 shares in the last quarter. Finally, EMC Capital Management acquired a new stake in shares of Oshkosh during the first quarter worth $286,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

NYSE OSK opened at $107.55 on Friday. The business has a 50 day simple moving average of $114.56 and a 200 day simple moving average of $112.67. Oshkosh has a 52-week low of $80.07 and a 52-week high of $127.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 1.05 and a beta of 1.26.

Oshkosh (NYSE:OSKGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. Oshkosh’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. Analysts anticipate that Oshkosh will post 11.17 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s dividend payout ratio is 17.61%.

About Oshkosh

(Get Free Report

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.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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