JPMorgan Chase & Co. Cuts Oshkosh (NYSE:OSK) Price Target to $100.00

Oshkosh (NYSE:OSK - Get Free Report) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $117.00 to $100.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 18.46% from the company's previous close.

A number of other equities research analysts have also weighed in on OSK. The Goldman Sachs Group dropped their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Evercore ISI lifted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Citigroup decreased their price objective on shares of Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. KeyCorp decreased their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group decreased their price target on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $114.62.

Oshkosh Price Performance

Shares of OSK traded down $0.06 during mid-day trading on Monday, hitting $84.42. 420,699 shares of the stock were exchanged, compared to its average volume of 593,926. Oshkosh has a 52-week low of $76.82 and a 52-week high of $125.00. The company has a market cap of $5.46 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The firm has a 50-day moving average of $95.56 and a two-hundred day moving average of $100.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, equities analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds have recently made changes to their positions in OSK. Parallel Advisors LLC lifted its position in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the period. Blue Trust Inc. grew its stake in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares during the last quarter. CX Institutional acquired a new position in shares of Oshkosh in the first quarter valued at about $28,000. Coppell Advisory Solutions LLC increased its stake in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after acquiring an additional 110 shares during the period. Finally, Hager Investment Management Services LLC bought a new stake in shares of Oshkosh during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds 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.