Oshkosh (NYSE:OSK) Price Target Lowered to $114.00 at Truist Financial

Oshkosh (NYSE:OSK - Get Free Report) had its price target decreased by analysts at Truist Financial from $126.00 to $114.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price target points to a potential upside of 14.11% from the company's previous close.

A number of other research firms have also recently issued reports on OSK. Stifel Nicolaus cut their target price on Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group reduced their target price on shares of Oshkosh from $135.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, July 11th. Citigroup began coverage on shares of Oshkosh in a research note on Wednesday, June 26th. They issued a "buy" rating and a $130.00 price target on the stock. Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. decreased their price objective on Oshkosh from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $124.93.

Oshkosh Stock Performance

OSK traded down $0.25 during trading hours on Wednesday, hitting $99.90. 373,224 shares of the stock were exchanged, compared to its average volume of 498,399. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. Oshkosh has a 12 month low of $86.10 and a 12 month high of $127.98. The stock has a 50-day simple moving average of $101.81 and a 200-day simple moving average of $109.89. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm posted $2.69 EPS. The company's revenue for the quarter was up 18.0% on a year-over-year basis. Analysts anticipate that Oshkosh will post 11.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OSK. Capital Insight Partners LLC acquired a new position in shares of Oshkosh in the 3rd quarter worth $415,000. Greenhaven Associates Inc. boosted its position in shares of Oshkosh by 0.8% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company's stock valued at $254,181,000 after purchasing an additional 19,442 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Oshkosh in the 2nd quarter worth about $240,000. Sanctuary Advisors LLC acquired a new stake in Oshkosh during the 2nd quarter worth about $1,455,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Oshkosh during the second quarter valued at about $216,000. Institutional investors own 92.36% of the company's stock.

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.