Morgan Stanley Increases Oshkosh (NYSE:OSK) Price Target to $110.00

Oshkosh (NYSE:OSK) had its price objective boosted by equities researchers at Morgan Stanley from $98.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 1.27% from the stock’s previous close.

OSK has been the subject of several other research reports. KeyCorp raised their price objective on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Raymond James raised their target price on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Truist Financial boosted their target price on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, UBS Group cut their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

Oshkosh Price Performance

Shares of NYSE OSK opened at $111.42 on Monday. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98. The stock has a market capitalization of $7.25 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.97 and a beta of 1.22. The company’s 50-day moving average is $99.71 and its 200 day moving average is $103.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping 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 expect that Oshkosh will post 11 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Oshkosh in the fourth quarter worth approximately $23,285,000. Assenagon Asset Management S.A. increased its stake in shares of 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 in the last quarter. BNP Paribas Financial Markets lifted its position in Oshkosh by 154.9% during the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after purchasing an additional 97,282 shares in the last quarter. Edgestream Partners L.P. increased its position in Oshkosh by 704.3% in the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock worth $6,817,000 after buying an additional 59,566 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in shares of Oshkosh in the third quarter worth about $5,375,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.