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

Oshkosh (NYSE:OSK) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $125.00 to $115.00 in a research report issued to clients and investors 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 22.30% from the stock’s current price.

A number of other equities analysts have also recently commented on OSK. UBS Group decreased their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial lifted their target price on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, Robert W. Baird dropped their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $122.31.

Oshkosh Trading Up 1.1 %

OSK stock opened at $94.03 on Tuesday. Oshkosh has a one year low of $89.08 and a one year high of $127.98. The company has a market capitalization of $6.12 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. The company’s 50 day moving average price is $102.88 and its two-hundred day moving average price is $103.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. As a group, analysts predict that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh in the 3rd quarter worth about $25,000. Brooklyn Investment Group purchased a new stake in Oshkosh in the third quarter worth about $34,000. International Assets Investment Management LLC increased its stake in shares of Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after purchasing an additional 262 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after purchasing an additional 220 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other 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.