Oshkosh (NYSE:OSK) Price Target Cut to $117.00 by Analysts at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its target price dropped by JPMorgan Chase & Co. from $127.00 to $117.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 20.63% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley upped their target price on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. UBS Group upped their target price on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Citigroup reduced their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. KeyCorp upped their target price on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $125.08.

Oshkosh Stock Performance

OSK opened at $96.99 on Tuesday. The stock has a market cap of $6.26 billion, a P/E ratio of 9.37, a P/E/G 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. The stock’s 50 day simple moving average is $101.05 and its 200 day simple moving average is $102.55. Oshkosh has a 1-year low of $89.08 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last posted 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 return on equity of 19.31% and a net margin of 6.34%. As a group, equities analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OSK. Blue Trust Inc. raised its position in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the period. Coppell Advisory Solutions LLC raised its position in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after buying an additional 110 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Oshkosh in the 4th quarter worth $32,000. Brooklyn Investment Group purchased a new position in shares of Oshkosh in the 3rd quarter worth $34,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Oshkosh in the 4th quarter worth $34,000. 92.36% of the stock is owned by hedge funds and other 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.