Oshkosh (NYSE:OSK) Price Target Increased to $130.00 by Analysts at JPMorgan Chase & Co.

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

A number of other brokerages have also recently commented on OSK. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $122.00 to $130.00 in a research note on Friday, March 1st. Morgan Stanley initiated coverage on Oshkosh in a research note on Monday, January 8th. They set an “equal weight” rating and a $102.00 price objective on the stock. UBS Group boosted their price objective on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. StockNews.com upgraded Oshkosh from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company boosted their price target on Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $120.25.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $118.62 on Tuesday. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98. The stock has a market capitalization of $7.78 billion, a P/E ratio of 13.06, a PEG ratio of 1.53 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $116.37 and its 200 day moving average price is $105.89.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.32. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 earnings per share. As a group, research analysts anticipate that Oshkosh will post 10.33 earnings per share for the current year.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in Oshkosh in the first quarter worth approximately $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Oshkosh by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company’s stock worth $2,457,000 after purchasing an additional 1,322 shares during the period. Cetera Investment Advisers acquired a new stake in Oshkosh in the first quarter worth approximately $222,000. Ergoteles LLC acquired a new stake in Oshkosh in the first quarter worth approximately $567,000. Finally, Pearl River Capital LLC lifted its position in Oshkosh by 74.4% in the first quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock worth $449,000 after purchasing an additional 1,902 shares during the period. 92.36% of the stock is 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.