Robert W. Baird Lowers Oshkosh (NYSE:OSK) Price Target to $160.00

Oshkosh (NYSE:OSK - Get Free Report) had its price target lowered by equities researchers at Robert W. Baird from $171.00 to $160.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price points to a potential upside of 56.49% from the company's current price.

Several other analysts also recently weighed in on OSK. Stifel Nicolaus reduced their target price on Oshkosh from $140.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Truist Financial reduced their target price on Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a report on Wednesday, October 9th. Evercore ISI reduced their target price on Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Finally, Jefferies Financial Group reduced their target price on Oshkosh from $135.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $123.14.

Oshkosh Stock Down 4.0 %

NYSE OSK traded down $4.22 during trading on Thursday, reaching $102.24. 770,097 shares of the company's stock were exchanged, compared to its average volume of 509,854. The stock has a market cap of $6.69 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The company has a 50 day moving average price of $102.80 and a two-hundred day moving average price of $107.81. Oshkosh has a 1 year low of $86.37 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. On average, equities research analysts anticipate that Oshkosh will post 11.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently modified their holdings of OSK. AE Wealth Management LLC grew its holdings in shares of Oshkosh by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company's stock worth $202,000 after acquiring an additional 127 shares during the period. US Bancorp DE grew its holdings in shares of Oshkosh by 3.0% in the 1st quarter. US Bancorp DE now owns 4,522 shares of the company's stock worth $564,000 after acquiring an additional 132 shares during the period. GAMMA Investing LLC grew its holdings in shares of Oshkosh by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company's stock worth $79,000 after acquiring an additional 152 shares during the period. NorthRock Partners LLC grew its holdings in shares of Oshkosh by 6.0% in the 1st quarter. NorthRock Partners LLC now owns 2,735 shares of the company's stock worth $341,000 after acquiring an additional 155 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of Oshkosh by 26.1% in the 1st quarter. Whittier Trust Co. now owns 782 shares of the company's stock worth $98,000 after acquiring an additional 162 shares during the period. 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.