Oshkosh (NYSE:OSK) Given New $91.00 Price Target at Morgan Stanley

Oshkosh (NYSE:OSK) had its price target lowered by research analysts at Morgan Stanley from $110.00 to $91.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 7.80% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Truist Financial lowered their target price on Oshkosh from $118.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group cut their target price on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Citigroup decreased their price target on shares of Oshkosh from $130.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Oshkosh from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, KeyCorp decreased their target price on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $114.62.

Oshkosh Stock Down 0.1 %

Oshkosh stock opened at $84.42 on Wednesday. The firm has a 50 day moving average price of $96.10 and a two-hundred day moving average price of $100.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh has a 52-week low of $76.82 and a 52-week high of $125.00. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Equities analysts predict that Oshkosh will post 10.96 EPS for the current year.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in Oshkosh by 0.9% during the first quarter. Janney Montgomery Scott LLC now owns 34,348 shares of the company’s stock valued at $3,231,000 after buying an additional 295 shares during the period. Good Life Advisors LLC grew its position in shares of Oshkosh by 2.0% during the 1st quarter. Good Life Advisors LLC now owns 12,382 shares of the company’s stock valued at $1,165,000 after acquiring an additional 243 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Oshkosh by 159.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,013 shares of the company’s stock worth $2,730,000 after purchasing an additional 17,829 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in shares of Oshkosh in the 1st quarter worth approximately $264,000. Finally, Baker Ellis Asset Management LLC lifted its stake in Oshkosh by 2.8% in the first quarter. Baker Ellis Asset Management LLC now owns 35,304 shares of the company’s stock valued at $3,321,000 after purchasing an additional 947 shares during the last quarter. 92.36% of the stock is currently 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.