Oshkosh (OSK) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Oshkosh (NYSE:OSK) from a neutral rating to an overweight rating in a research note released on Thursday, Marketbeat Ratings reports. The firm currently has $80.00 price target on the stock.

Several other analysts have also recently weighed in on OSK. Zacks Investment Research cut Oshkosh from a buy rating to a hold rating in a report on Wednesday, October 3rd. ValuEngine cut Oshkosh from a sell rating to a strong sell rating in a report on Saturday, October 6th. SunTrust Banks raised their price target on Oshkosh to $96.00 and gave the company a buy rating in a report on Friday, November 2nd. Goldman Sachs Group cut Oshkosh from a neutral rating to a sell rating and lowered their price target for the company from $66.00 to $58.00 in a report on Monday, December 10th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $82.00 price target on shares of Oshkosh in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $82.86.

Shares of NYSE OSK opened at $68.40 on Thursday. Oshkosh has a 52 week low of $51.42 and a 52 week high of $100.26. The company has a quick ratio of 1.21, a current ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 0.64 and a beta of 1.74.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, November 1st. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.45 by $0.35. Oshkosh had a return on equity of 19.93% and a net margin of 6.12%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company earned $1.38 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that Oshkosh will post 7.07 earnings per share for the current fiscal year.

In related news, EVP Frank R. Nerenhausen sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $70.00, for a total transaction of $700,000.00. Following the transaction, the executive vice president now directly owns 62,385 shares in the company, valued at approximately $4,366,950. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Tina R. Schoner purchased 630 shares of Oshkosh stock in a transaction that occurred on Friday, November 16th. The shares were bought at an average price of $66.78 per share, for a total transaction of $42,071.40. Following the completion of the transaction, the senior vice president now owns 630 shares in the company, valued at $42,071.40. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Oshkosh by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 7,726 shares of the company’s stock valued at $473,000 after purchasing an additional 149 shares in the last quarter. Cerebellum GP LLC boosted its position in shares of Oshkosh by 44.9% during the fourth quarter. Cerebellum GP LLC now owns 3,532 shares of the company’s stock valued at $217,000 after purchasing an additional 1,094 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Oshkosh by 1.1% during the fourth quarter. Retirement Systems of Alabama now owns 181,818 shares of the company’s stock valued at $11,147,000 after purchasing an additional 2,033 shares in the last quarter. First Financial Bank Trust Division boosted its position in shares of Oshkosh by 1.0% during the fourth quarter. First Financial Bank Trust Division now owns 47,884 shares of the company’s stock valued at $2,936,000 after purchasing an additional 481 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Oshkosh during the third quarter valued at approximately $12,408,000. Hedge funds and other institutional investors own 89.69% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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