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

Oshkosh (NYSE:OSK) had its price target cut by stock analysts at Citigroup from $125.00 to $110.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 19.02% from the company’s current price.

Several other equities analysts have also recently issued reports on OSK. Truist Financial raised their price target on Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Robert W. Baird lowered their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. UBS Group cut their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. 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, Oshkosh has an average rating of “Hold” and a consensus target price of $122.31.

Oshkosh Price Performance

NYSE:OSK traded up $0.63 during mid-day trading on Tuesday, reaching $92.42. 264,307 shares of the company were exchanged, compared to its average volume of 593,239. Oshkosh has a 12 month low of $89.08 and a 12 month high of $127.98. The stock has a market cap of $6.01 billion, a PE ratio of 8.97, a PEG ratio of 0.98 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $103.12 and a 200 day moving average of $103.77.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. On average, research analysts anticipate that Oshkosh will post 11.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OSK. AE Wealth Management LLC boosted its position in Oshkosh by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock worth $202,000 after acquiring an additional 127 shares during the last quarter. KBC Group NV boosted its holdings in Oshkosh by 15.2% during the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after purchasing an additional 220 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Oshkosh in the third quarter valued at $25,000. Greenwich Wealth Management LLC increased its stake in Oshkosh by 0.5% in the 3rd quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company’s stock valued at $4,970,000 after buying an additional 253 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after buying an additional 262 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.