JPMorgan Chase & Co. Raises Oshkosh (NYSE:OSK) Price Target to $125.00

Oshkosh (NYSE:OSK) had its price target lifted by JPMorgan Chase & Co. from $120.00 to $125.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also issued reports on OSK. Jefferies Financial Group cut their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Citigroup assumed coverage on Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price target on the stock. Raymond James assumed coverage on Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price target on the stock. Truist Financial lowered their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, Stifel Nicolaus lowered their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $125.29.

Oshkosh Trading Up 0.4 %

Shares of Oshkosh stock opened at $106.16 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The stock has a market capitalization of $6.94 billion, a PE ratio of 10.16, a P/E/G ratio of 0.96 and a beta of 1.19. Oshkosh has a 1-year low of $86.10 and a 1-year high of $127.98. The company’s fifty day simple moving average is $102.08 and its 200-day simple moving average is $109.13.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. Oshkosh’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, equities analysts anticipate that Oshkosh will post 11.62 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio is currently 17.61%.

Hedge Funds Weigh In On Oshkosh

Large investors have recently modified their holdings of the stock. Atlas Capital Advisors LLC increased its position in shares of 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 purchasing an additional 139 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Oshkosh during the 3rd quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Oshkosh in the 1st quarter valued at $31,000. Rise Advisors LLC grew its position in Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after acquiring an additional 289 shares during the last quarter. 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.