Truist Financial Issues Pessimistic Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its target price reduced by research analysts at Truist Financial from $118.00 to $94.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 14.72% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Raymond James upped their price target on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley raised their target price on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. UBS Group decreased their price objective on Oshkosh from $137.00 to $97.00 and set a “buy” rating on the stock in a report on Monday. 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 report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target of $118.54.

Oshkosh Price Performance

NYSE OSK traded up $0.33 during trading hours on Tuesday, reaching $81.94. The company’s stock had a trading volume of 88,996 shares, compared to its average volume of 578,247. 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 1-year low of $76.82 and a 1-year high of $127.98. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 1.45 and a beta of 1.26. The company’s 50-day moving average is $100.90 and its two-hundred day moving average is $101.76.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping 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%. On average, equities analysts predict that Oshkosh will post 10.96 EPS for the current year.

Hedge Funds Weigh In On Oshkosh

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

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.