Jefferies Financial Group Lowers Oshkosh (NYSE:OSK) Price Target to $105.00

Oshkosh (NYSE:OSK) had its price target decreased by equities researchers at Jefferies Financial Group from $135.00 to $105.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 2.80% from the company’s previous close.

A number of other analysts also recently commented on the stock. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Robert W. Baird boosted their target price on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. JPMorgan Chase & Co. dropped their target price on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday. Raymond James initiated coverage on shares of Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 target price on the stock. Finally, Truist Financial dropped their target price on shares of Oshkosh from $132.00 to $123.00 and set a “hold” rating on the stock in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $124.82.

Oshkosh Trading Up 1.5 %

Shares of NYSE:OSK opened at $108.03 on Thursday. The company has a market cap of $7.07 billion, a PE ratio of 10.34, a P/E/G ratio of 1.04 and a beta of 1.22. The company’s 50-day moving average price is $110.99 and its 200 day moving average price is $112.74. Oshkosh has a fifty-two week low of $86.10 and a fifty-two week high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. Oshkosh’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.59 EPS. Sell-side analysts anticipate that Oshkosh will post 11.21 earnings per share for the current year.

Institutional Trading of Oshkosh

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Oshkosh by 10.1% in the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after buying an additional 718,122 shares during the last quarter. Greenhaven Associates Inc. increased its holdings in Oshkosh by 0.5% in the 4th quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after buying an additional 11,100 shares during the period. LSV Asset Management increased its holdings in Oshkosh by 5.5% in the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after buying an additional 102,330 shares during the period. Dimensional Fund Advisors LP increased its holdings in Oshkosh by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock valued at $189,473,000 after buying an additional 122,786 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Oshkosh by 2.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 884,797 shares of the company’s stock worth $110,484,000 after purchasing an additional 21,063 shares during the last quarter. 92.36% of the stock is currently 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.