Oshkosh (NYSE:OSK) Upgraded to “Overweight” at KeyCorp

Oshkosh (NYSE:OSK) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has a $113.00 price objective on the stock. KeyCorp’s price objective points to a potential upside of 17.41% from the company’s current price.

OSK has been the subject of a number of other research reports. UBS Group decreased their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Truist Financial lowered their price target on Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup lowered their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $121.14.

Oshkosh Stock Up 0.2 %

OSK opened at $96.24 on Friday. Oshkosh has a one year low of $89.08 and a one year high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The stock has a market capitalization of $6.26 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The business’s 50-day simple moving average is $100.55 and its 200-day simple moving average is $103.21.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Analysts anticipate that Oshkosh will post 11.35 EPS for the current year.

Institutional Trading of Oshkosh

A number of institutional investors have recently added to or reduced their stakes in OSK. JPMorgan Chase & Co. lifted its stake in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after purchasing an additional 28,478 shares in the last quarter. Virtu Financial LLC purchased a new position in Oshkosh in the 3rd quarter worth approximately $504,000. Barclays PLC grew its position in Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after acquiring an additional 32,435 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Oshkosh by 57.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after purchasing an additional 7,334 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its position in shares of Oshkosh by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after purchasing an additional 4,680 shares in the last quarter. 92.36% of the stock is 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.