Evercore ISI Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target upped by analysts at Evercore ISI from $122.00 to $137.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 25.13% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. KeyCorp upped their price objective on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Truist Financial increased their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.23.

Oshkosh Stock Up 0.3 %

Shares of OSK traded up $0.29 during trading on Wednesday, reaching $109.49. The company’s stock had a trading volume of 78,149 shares, compared to its average volume of 730,699. The company has a fifty day moving average of $99.57 and a two-hundred day moving average of $102.94. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.42 and a beta of 1.23. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, sell-side analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OSK. Norges Bank acquired a new position in Oshkosh during the fourth quarter valued at $72,692,000. American Century Companies Inc. raised its position in Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after buying an additional 384,141 shares during the period. Point72 Asset Management L.P. acquired a new position in Oshkosh during the fourth quarter valued at $25,968,000. Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh during the fourth quarter valued at $23,285,000. Finally, Assenagon Asset Management S.A. increased its position in Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after purchasing an additional 233,218 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

About Oshkosh

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.