JPMorgan Chase & Co. Lowers Oshkosh (NYSE:OSK) Price Target to $115.00

Oshkosh (NYSE:OSK - Get Free Report) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $125.00 to $115.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 23.64% from the company's current price.

Other equities analysts have also recently issued reports about the company. Truist Financial upped their price objective on Oshkosh from $113.00 to $116.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, UBS Group reduced their price objective on Oshkosh from $129.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $122.31.

Oshkosh Stock Up 1.3 %

Shares of NYSE OSK traded up $1.22 during trading on Tuesday, reaching $93.01. The company had a trading volume of 522,963 shares, compared to its average volume of 626,933. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The business's 50-day moving average is $103.12 and its 200 day moving average is $103.77. The stock has a market cap of $6.05 billion, a PE ratio of 9.03, a P/E/G ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, equities analysts forecast that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently bought and sold shares of the stock. Carolina Wealth Advisors LLC lifted its holdings in Oshkosh by 2.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company's stock valued at $576,000 after purchasing an additional 146 shares in the last quarter. Covea Finance raised its position in shares of Oshkosh by 81.8% during the 4th quarter. Covea Finance now owns 30,000 shares of the company's stock valued at $2,852,000 after purchasing an additional 13,500 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Oshkosh by 29.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock valued at $29,675,000 after buying an additional 71,911 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after buying an additional 28,478 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Oshkosh in the 3rd quarter worth $532,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Company Profile

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.