Evercore ISI Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its price target increased by equities researchers at Evercore ISI from $137.00 to $147.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price target indicates a potential upside of 43.93% from the stock’s current price.

Other analysts also recently issued reports about the company. Bank of America increased their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. The Goldman Sachs Group lowered their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. KeyCorp lowered their price objective on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. DA Davidson decreased their price target on Oshkosh from $120.00 to $111.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial decreased their price target on Oshkosh from $94.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.93.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $102.13 on Monday. The company has a market cap of $6.57 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. Oshkosh has a 52 week low of $76.82 and a 52 week high of $119.05. The business has a 50 day moving average price of $90.77 and a 200-day moving average price of $98.68. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.89 earnings per share. Equities analysts anticipate that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Oshkosh by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock worth $769,303,000 after acquiring an additional 35,382 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock worth $251,417,000 after acquiring an additional 354,714 shares during the period. Greenhaven Associates Inc. boosted its holdings in shares of Oshkosh by 0.6% in the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after acquiring an additional 15,622 shares during the period. American Century Companies Inc. boosted its holdings in shares of Oshkosh by 14.7% in the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock worth $219,101,000 after acquiring an additional 298,470 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Oshkosh by 6.9% in the first quarter. LSV Asset Management now owns 1,726,606 shares of the company’s stock worth $162,439,000 after acquiring an additional 111,062 shares during the period. 92.36% of the stock is owned by institutional investors.

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.