UBS Group Lowers Oshkosh (NYSE:OSK) Price Target to $114.00

Oshkosh (NYSE:OSKGet Rating) had its price objective cut by analysts at UBS Group from $125.00 to $114.00 in a research report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 36.53% from the stock’s previous close.

Several other brokerages also recently commented on OSK. Robert W. Baird reaffirmed a “maintains” rating on shares of Oshkosh in a report on Friday, July 29th. Argus assumed coverage on shares of Oshkosh in a report on Tuesday, July 26th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Oshkosh from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. JPMorgan Chase & Co. reduced their target price on shares of Oshkosh from $107.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, July 12th. Finally, Wells Fargo & Company cut their price objective on shares of Oshkosh from $117.00 to $104.00 in a report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.87.

Oshkosh Stock Down 1.3 %

Oshkosh stock opened at $83.50 on Tuesday. The firm has a market capitalization of $5.46 billion, a PE ratio of 47.18, a P/E/G ratio of 1.02 and a beta of 1.32. The company’s 50-day moving average is $85.85 and its 200-day moving average is $97.73. Oshkosh has a fifty-two week low of $77.89 and a fifty-two week high of $125.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.06.

Oshkosh (NYSE:OSKGet Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.53). The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.21 billion. Oshkosh had a return on equity of 4.02% and a net margin of 1.53%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Sell-side analysts anticipate that Oshkosh will post 3.83 earnings per share for the current year.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently added to or reduced their stakes in the stock. MainStreet Investment Advisors LLC increased its position in Oshkosh by 3.6% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 4,954 shares of the company’s stock worth $407,000 after purchasing an additional 172 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Oshkosh by 16.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 29,219 shares of the company’s stock worth $2,434,000 after purchasing an additional 4,144 shares in the last quarter. CX Institutional acquired a new position in Oshkosh in the 2nd quarter valued at approximately $25,000. Treasurer of the State of North Carolina increased its position in Oshkosh by 13.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 27,778 shares of the company’s stock valued at $2,282,000 after acquiring an additional 3,345 shares during the period. Finally, Carnegie Capital Asset Management LLC acquired a new position in Oshkosh in the 2nd quarter valued at approximately $219,000. 94.89% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

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Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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