JPMorgan Chase & Co. Lowers Oshkosh (NYSE:OSK) Price Target to $117.00

Oshkosh (NYSE:OSK - Get Free Report) had its target price decreased by research analysts at JPMorgan Chase & Co. from $127.00 to $117.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 22.19% from the stock's current price.

Other equities analysts have also issued reports about the company. Evercore ISI upped their target price on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Morgan Stanley lifted their target price on Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. KeyCorp increased their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Raymond James raised their target price on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, UBS Group upped their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of "Hold" and an average target price of $124.38.

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Oshkosh Price Performance

Shares of OSK stock traded down $1.93 during trading hours on Tuesday, hitting $95.75. The company's stock had a trading volume of 1,046,915 shares, compared to its average volume of 540,110. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.45 and a beta of 1.21. The business has a fifty day moving average of $101.44 and a 200-day moving average of $102.31.

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

Hedge Funds Weigh In On Oshkosh

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Oshkosh during the 4th quarter valued at $72,692,000. American Century Companies Inc. raised its stake in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after purchasing an additional 384,141 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Oshkosh in the fourth quarter worth about $25,968,000. Vaughan Nelson Investment Management L.P. bought a new position in Oshkosh in the 4th quarter valued at about $23,285,000. Finally, Atlantic Investment Management Inc. acquired a new position in Oshkosh during the 4th quarter valued at about $21,866,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.