Zacks Investment Research upgraded shares of Oshkosh (NYSE:OSK) from a hold rating to a buy rating in a research note released on Thursday, Zacks.com reports. They currently have $88.00 target price on the stock.
According to Zacks, “Oshkosh is supported by diverse end market and robust backlog. Further, the company updated fiscal 2019 expectations on strong backlogs along with integrated operations and supply chain. For the current fiscal year, the company projects earnings per share of $7.50-$7.80. Also, improved product pricing and increased volume sales bode well for its access equipment segment. The company also pays regular dividends and engages in share buyback programs to enhance shareholder value. However, increasing raw material and freight costs, and macro-economic challenges are headwinds for the company. Also, dependence on the U.S. government for the defense segment’s sales is a concern for Oshkosh. Additionally, fluctuating foreign currency, labor challenges, uncertain trade policies and tariffs are hurting the company’s bottom line.”
Other analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered their target price on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating for the company in a report on Wednesday, May 1st. Citigroup upped their target price on Martin Marietta Materials from $239.00 to $255.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Evercore ISI restated an in-line rating and set a $31.00 target price (down previously from $40.00) on shares of Terex in a report on Friday, May 31st. Finally, UBS Group set a $36.00 target price on Halliburton and gave the stock a buy rating in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $84.86.
Shares of NYSE OSK opened at $86.09 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.86 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.99. The company has a 50 day moving average price of $79.59. Oshkosh has a 52-week low of $51.42 and a 52-week high of $86.25.
Oshkosh (NYSE:OSK) last posted its earnings results on Tuesday, April 30th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.20. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Oshkosh had a return on equity of 21.98% and a net margin of 6.76%. Oshkosh’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. Equities research analysts anticipate that Oshkosh will post 7.78 earnings per share for the current year.
In other news, VP James W. Johnson sold 11,029 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total transaction of $838,755.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.
Hedge funds have recently modified their holdings of the company. FinTrust Capital Advisors LLC increased its position in shares of Oshkosh by 1,128.6% during the first quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock worth $26,000 after purchasing an additional 316 shares in the last quarter. Gemmer Asset Management LLC increased its position in shares of Oshkosh by 99.6% in the 1st quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock valued at $42,000 after acquiring an additional 281 shares during the period. Advisory Services Network LLC increased its position in shares of Oshkosh by 85.1% in the 4th quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock valued at $45,000 after acquiring an additional 336 shares during the period. Executive Wealth Management LLC acquired a new position in shares of Oshkosh in the 4th quarter valued at $45,000. Finally, Capital Investment Advisory Services LLC increased its position in shares of Oshkosh by 35.3% in the 1st quarter. Capital Investment Advisory Services LLC now owns 763 shares of the company’s stock valued at $57,000 after acquiring an additional 199 shares during the period. 88.68% of the stock is currently owned by institutional investors and hedge funds.
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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