Oshkosh (NYSE:OSK) Price Target Cut to $95.00 by Analysts at Citigroup

Oshkosh (NYSE:OSK) had its price target reduced by investment analysts at Citigroup from $130.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 19.87% from the company’s previous close.

Other analysts also recently issued reports about the company. Truist Financial reduced their price objective on Oshkosh from $118.00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday. Bank of America lifted their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. UBS Group cut their price objective on shares of Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Finally, KeyCorp dropped their price target on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Oshkosh has an average rating of “Hold” and a consensus price target of $117.38.

Oshkosh Stock Performance

Shares of OSK traded down $2.36 during midday trading on Tuesday, reaching $79.25. 837,317 shares of the stock were exchanged, compared to its average volume of 581,157. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.45 and a beta of 1.26. 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 has a twelve month low of $76.82 and a twelve month high of $127.98. The business’s 50-day moving average price is $100.90 and its 200 day moving average price is $101.76.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after purchasing an additional 176,400 shares during the period. Greenhaven Associates Inc. boosted its position in shares of Oshkosh by 0.6% in the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after buying an additional 15,622 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Oshkosh by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company’s stock valued at $220,342,000 after buying an additional 206,377 shares in the last quarter. American Century Companies Inc. lifted its position in Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock worth $193,031,000 after acquiring an additional 384,141 shares in the last quarter. Finally, FMR LLC boosted its holdings in Oshkosh by 13.0% in the 4th quarter. FMR LLC now owns 1,383,558 shares of the company’s stock worth $131,535,000 after acquiring an additional 159,667 shares during the period. 92.36% of the stock is currently 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.