Oshkosh (NYSE:OSK) Given New $118.00 Price Target at Truist Financial

Oshkosh (NYSE:OSK - Get Free Report) had its price objective raised by research analysts at Truist Financial from $109.00 to $118.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "hold" rating on the stock. Truist Financial's target price indicates a potential upside of 0.82% from the stock's current price.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. dropped their target price on Oshkosh from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. UBS Group cut their price objective on shares of Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Robert W. Baird decreased their target price on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. KeyCorp raised their price target on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a report on Friday. Finally, Citigroup decreased their price objective on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $123.14.

Oshkosh Stock Up 3.3 %

Shares of OSK stock traded up $3.78 during trading on Friday, hitting $117.04. 366,388 shares of the company were exchanged, compared to its average volume of 648,361. The business's 50-day simple moving average is $99.69 and its 200 day simple moving average is $103.04. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, analysts forecast that Oshkosh will post 11.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the third quarter valued at approximately $25,000. Blue Trust Inc. raised its stake in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after purchasing an additional 138 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in Oshkosh in the 4th quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in Oshkosh in the 3rd quarter worth $34,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock worth $90,000 after purchasing an additional 893 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.

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