Several other equities research analysts also recently commented on OSK. Deutsche Bank AG initiated coverage on Oshkosh Corp. in a report on Tuesday, September 6th. They set a buy rating and a $62.00 price objective for the company. Bank of America Corp. upgraded Oshkosh Corp. from a neutral rating to a buy rating in a report on Thursday, August 18th. Credit Suisse Group AG upgraded Oshkosh Corp. from an underperform rating to a neutral rating and boosted their price objective for the company from $50.00 to $54.00 in a report on Monday. Jefferies Group restated a buy rating and set a $53.00 price objective on shares of Oshkosh Corp. in a report on Tuesday, June 7th. Finally, Royal Bank Of Canada upgraded Oshkosh Corp. from a sector perform rating to an outperform rating and boosted their price objective for the company from $46.00 to $63.00 in a report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Oshkosh Corp. presently has a consensus rating of Buy and an average target price of $54.94.
Shares of Oshkosh Corp. (NYSE:OSK) opened at 54.34 on Monday. The firm has a market cap of $3.99 billion, a P/E ratio of 19.93 and a beta of 1.98. The stock has a 50 day moving average price of $54.55 and a 200 day moving average price of $47.64. Oshkosh Corp. has a 12-month low of $29.59 and a 12-month high of $57.75.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.13. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The company earned $1.75 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $1.13 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts expect that Oshkosh Corp. will post $2.91 earnings per share for the current year.
In related news, VP Robert S. Messina sold 2,500 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $54.18, for a total transaction of $135,450.00. Following the sale, the vice president now directly owns 9,063 shares in the company, valued at approximately $491,033.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David M. Sagehorn sold 49,495 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $54.13, for a total value of $2,679,164.35. Following the sale, the vice president now owns 111,113 shares in the company, valued at $6,014,546.69. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Japan Co. Ltd bought a new stake in Oshkosh Corp. during the second quarter worth about $127,000. US Bancorp DE raised its stake in Oshkosh Corp. by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock worth $150,000 after buying an additional 34 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Oshkosh Corp. during the second quarter worth about $201,000. 1st Global Advisors Inc. bought a new stake in Oshkosh Corp. during the second quarter worth about $205,000. Finally, Oarsman Capital Inc. bought a new stake in Oshkosh Corp. during the second quarter worth about $208,000. Institutional investors own 95.60% of the company’s stock.
Oshkosh Corp. Company Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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