Oshkosh (OSK) Upgraded to “Buy” at ValuEngine

Oshkosh (NYSE:OSK) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Sunday, December 31st.

Other research analysts have also recently issued research reports about the stock. Citigroup lifted their price target on shares of Oshkosh from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. KeyCorp reiterated a “buy” rating and set a $85.00 price target on shares of Oshkosh in a research note on Sunday, September 17th. SunTrust Banks reiterated a “buy” rating and set a $90.00 price target on shares of Oshkosh in a research note on Friday, October 27th. Robert W. Baird restated a “buy” rating and set a $93.00 price objective on shares of Oshkosh in a research report on Thursday, October 12th. Finally, Deutsche Bank restated a “hold” rating and set a $86.00 price objective (up from $80.00) on shares of Oshkosh in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $93.77.

Shares of Oshkosh (NYSE OSK) traded down $0.78 on Friday, hitting $90.16. 589,800 shares of the company traded hands, compared to its average volume of 531,814. The company has a market capitalization of $6,790.00, a P/E ratio of 23.98, a P/E/G ratio of 1.19 and a beta of 1.84. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. Oshkosh has a 12 month low of $61.74 and a 12 month high of $94.16.

Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.36. Oshkosh had a net margin of 4.18% and a return on equity of 15.14%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. equities analysts predict that Oshkosh will post 4.56 earnings per share for the current fiscal year.

In related news, insider Wilson R. Jones sold 40,000 shares of Oshkosh stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the completion of the transaction, the insider now directly owns 159,859 shares of the company’s stock, valued at approximately $13,610,395.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP James W. Johnson sold 22,300 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $90.59, for a total transaction of $2,020,157.00. Following the completion of the sale, the vice president now directly owns 51,673 shares of the company’s stock, valued at $4,681,057.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,153 shares of company stock worth $9,953,433. Insiders own 1.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in OSK. JPMorgan Chase & Co. lifted its position in shares of Oshkosh by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after purchasing an additional 1,063,971 shares during the period. Principal Financial Group Inc. lifted its position in shares of Oshkosh by 93.9% in the 2nd quarter. Principal Financial Group Inc. now owns 593,678 shares of the company’s stock worth $40,893,000 after purchasing an additional 287,560 shares during the period. Macquarie Group Ltd. lifted its position in shares of Oshkosh by 999.8% in the 2nd quarter. Macquarie Group Ltd. now owns 313,099 shares of the company’s stock worth $21,566,000 after purchasing an additional 284,631 shares during the period. Koch Industries Inc. purchased a new stake in shares of Oshkosh in the 2nd quarter worth approximately $264,000. Finally, Vanguard Group Inc. lifted its position in shares of Oshkosh by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 7,019,731 shares of the company’s stock worth $483,519,000 after purchasing an additional 251,809 shares during the period. 93.96% of the stock is owned by institutional investors.

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Oshkosh Company Profile

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Oshkosh (NYSE:OSK)

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