Truist Financial Issues Pessimistic Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its target price reduced by stock analysts at Truist Financial from $118.00 to $94.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 5.52% from the stock’s current price.

A number of other research firms have also recently weighed in on OSK. Evercore ISI increased their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley increased their target price on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, Bank of America increased their target price on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $117.38.

Oshkosh Stock Up 12.5 %

Shares of NYSE OSK opened at $89.08 on Tuesday. Oshkosh has a 12-month low of $76.82 and a 12-month high of $125.08. The stock has a market cap of $5.76 billion, a PE ratio of 8.61, a P/E/G ratio of 1.45 and a beta of 1.26. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $99.21 and a 200 day moving average of $101.28.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, sell-side analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OSK. JPMorgan Chase & Co. lifted its position in Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after purchasing an additional 28,478 shares during the last quarter. Barclays PLC lifted its position in Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after purchasing an additional 32,435 shares during the last quarter. Virtu Financial LLC bought a new stake in Oshkosh in the 3rd quarter valued at about $504,000. Semanteon Capital Management LP lifted its position in Oshkosh by 29.1% in the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company’s stock valued at $1,409,000 after purchasing an additional 3,342 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after purchasing an additional 7,334 shares during the last quarter. 92.36% of the stock is currently owned by 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.