Oshkosh (OSK) Given New $102.00 Price Target at SunTrust Banks

Oshkosh (NYSE:OSK) had its price objective lifted by SunTrust Banks to $102.00 in a research note issued to investors on Wednesday. They currently have a buy rating on the stock. SunTrust Banks also issued estimates for Oshkosh’s Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.98 EPS, Q4 2018 earnings at $1.31 EPS, FY2018 earnings at $4.82 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $1.25 EPS, Q3 2019 earnings at $2.12 EPS, Q4 2019 earnings at $1.51 EPS and FY2019 earnings at $5.60 EPS.

A number of other brokerages have also commented on OSK. Stifel Nicolaus reaffirmed a buy rating and issued a $100.00 target price on shares of Oshkosh in a research report on Wednesday, November 1st. Citigroup boosted their target price on Oshkosh from $85.00 to $100.00 and gave the company a buy rating in a research report on Friday, October 13th. Royal Bank of Canada reaffirmed a buy rating and issued a $100.00 target price on shares of Oshkosh in a research report on Thursday, November 2nd. KeyCorp reaffirmed a buy rating and issued a $85.00 target price on shares of Oshkosh in a research report on Sunday, September 17th. Finally, Jefferies Group boosted their target price on Oshkosh from $95.00 to $105.00 and gave the company a buy rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $93.77.

Shares of Oshkosh (NYSE OSK) traded up $1.15 during trading on Wednesday, reaching $92.29. The company had a trading volume of 542,836 shares, compared to its average volume of 610,266. Oshkosh has a twelve month low of $61.74 and a twelve month high of $94.16. The company has a market cap of $6,940.00, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.09.

Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. sell-side analysts predict that Oshkosh will post 4.64 earnings per share for the current fiscal year.

In other Oshkosh news, VP R Scott Grennier sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $86.18, for a total transaction of $77,562.00. Following the completion of the sale, the vice president now directly owns 3,581 shares of the company’s stock, valued at approximately $308,610.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James W. Johnson sold 22,300 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $90.59, for a total value of $2,020,157.00. Following 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. Insiders have sold a total of 115,153 shares of company stock valued at $9,953,433 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new position in shares of Oshkosh in the second quarter valued at approximately $7,006,000. Citigroup Inc. grew its holdings in shares of Oshkosh by 270.2% in the second quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock valued at $3,632,000 after acquiring an additional 38,484 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Oshkosh by 999.8% in the second quarter. Macquarie Group Ltd. now owns 313,099 shares of the company’s stock valued at $21,566,000 after acquiring an additional 284,631 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Oshkosh by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 1,947,210 shares of the company’s stock valued at $134,123,000 after acquiring an additional 6,350 shares in the last quarter. Finally, Prudential PLC grew its holdings in shares of Oshkosh by 78.6% in the second quarter. Prudential PLC now owns 109,574 shares of the company’s stock valued at $7,547,000 after acquiring an additional 48,234 shares in the last quarter. 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.

Analyst Recommendations for Oshkosh (NYSE:OSK)

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