The Goldman Sachs Group Issues Pessimistic Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK - Get Free Report) had its price objective reduced by stock analysts at The Goldman Sachs Group from $135.00 to $116.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 21.15% from the company's previous close.

OSK has been the topic of a number of other research reports. Morgan Stanley lifted their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Citigroup decreased their price target on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Evercore ISI lifted their price target on shares of Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Raymond James lifted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Oshkosh from $127.00 to $117.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $124.38.

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Oshkosh Stock Performance

OSK stock traded down $1.93 on Wednesday, reaching $95.75. 1,046,915 shares of the company were exchanged, compared to its average volume of 540,634. Oshkosh has a 12 month low of $89.08 and a 12 month high of $127.98. The stock's fifty day moving average price is $101.44 and its 200 day moving average price is $102.32. The firm has a market capitalization of $6.18 billion, a PE ratio of 9.25, a PEG ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OSK. GSA Capital Partners LLP bought a new position in shares of Oshkosh in the third quarter valued at about $233,000. KBC Group NV raised its holdings in shares of Oshkosh by 15.2% in the third quarter. KBC Group NV now owns 1,666 shares of the company's stock valued at $167,000 after buying an additional 220 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Oshkosh by 1,211.0% in the third quarter. Quest Partners LLC now owns 3,933 shares of the company's stock valued at $394,000 after buying an additional 3,633 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Oshkosh by 2.6% in the third quarter. Pathstone Holdings LLC now owns 31,895 shares of the company's stock valued at $3,196,000 after buying an additional 819 shares during the last quarter. Finally, Commerce Bank raised its holdings in shares of Oshkosh by 6.8% in the third quarter. Commerce Bank now owns 5,757 shares of the company's stock valued at $577,000 after buying an additional 369 shares during the last quarter. 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.