Oshkosh (NYSE:OSK) Given New $115.00 Price Target at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its target price lowered by analysts at JPMorgan Chase & Co. from $125.00 to $115.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 24.10% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Truist Financial upped their price objective on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. UBS Group cut their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Robert W. Baird lowered their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $123.85.

Oshkosh Stock Performance

Shares of OSK traded up $0.88 during mid-day trading on Tuesday, hitting $92.67. 96,255 shares of the company’s stock were exchanged, compared to its average volume of 571,761. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The business’s 50 day moving average is $103.12 and its two-hundred day moving average is $103.77. The firm has a market capitalization of $6.03 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.98 and a beta of 1.21.

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

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently added to or reduced their stakes in the business. Greenhaven Associates Inc. raised its holdings in shares of Oshkosh by 0.8% in the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after acquiring an additional 19,442 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after purchasing an additional 78,235 shares in the last quarter. FMR LLC lifted its stake in shares of Oshkosh by 3.3% during the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after buying an additional 39,235 shares during the period. Geode Capital Management LLC lifted its stake in shares of Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after purchasing an additional 10,357 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Oshkosh by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after purchasing an additional 4,974 shares during the period. 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.