Truist Financial Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its price target upped by equities research analysts at Truist Financial from $113.00 to $116.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 19.98% from the company’s current price.

OSK has been the subject of a number of other research reports. Robert W. Baird decreased their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, UBS Group cut their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Oshkosh presently has an average rating of “Hold” and a consensus target price of $123.00.

Oshkosh Trading Up 1.5 %

NYSE:OSK traded up $1.41 during mid-day trading on Thursday, reaching $96.68. The company’s stock had a trading volume of 56,370 shares, compared to its average volume of 514,512. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock has a market cap of $6.29 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.98 and a beta of 1.19. The company’s fifty day simple moving average is $107.18 and its two-hundred day simple moving average is $105.59. Oshkosh has a twelve month low of $93.34 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, equities analysts predict that Oshkosh will post 11.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in Oshkosh in the third quarter worth about $25,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the 3rd quarter worth approximately $34,000. Eagle Bay Advisors LLC increased its stake in Oshkosh by 547.6% during the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after buying an additional 893 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after buying an additional 262 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.