Oshkosh (NYSE:OSK) PT Raised to $130.00 at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its price target lifted by research analysts at JPMorgan Chase & Co. from $120.00 to $130.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.59% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. StockNews.com raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Citigroup increased their price target on shares of Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. UBS Group increased their price target on shares of Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley assumed coverage on shares of Oshkosh in a research report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target on the stock. Finally, Stifel Nicolaus raised their target price on shares of Oshkosh from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus price target of $120.25.

Oshkosh Trading Down 1.2 %

Shares of OSK stock opened at $118.62 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The firm has a market cap of $7.78 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. The company has a 50-day moving average of $116.37 and a two-hundred day moving average of $105.89. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. Oshkosh’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. On average, analysts predict that Oshkosh will post 10.33 EPS for the current year.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds have recently modified their holdings of OSK. Atlas Capital Advisors LLC grew its position in shares of Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares during the last quarter. Money Concepts Capital Corp grew its position in Oshkosh by 1,359.1% in the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 299 shares during the last quarter. BluePath Capital Management LLC purchased a new position in Oshkosh in the 3rd quarter valued at $32,000. Rise Advisors LLC grew its position in Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after buying an additional 181 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after buying an additional 111 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other 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.