Oshkosh (NYSE:OSK) Price Target Cut to $95.00 by Analysts at Citigroup

Oshkosh (NYSE:OSK) had its target price decreased by analysts at Citigroup from $130.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 19.87% from the company’s previous close.

Several other brokerages have also recently issued reports on OSK. UBS Group lowered their target price on shares of Oshkosh from $137.00 to $97.00 and set a “buy” rating on the stock in a research note on Monday. KeyCorp decreased their target price on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley increased their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Bank of America lifted their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Finally, Truist Financial cut their price objective on shares of Oshkosh from $118.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday. One research 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $117.38.

Oshkosh Price Performance

Shares of OSK stock traded down $2.36 during mid-day trading on Tuesday, hitting $79.25. 837,317 shares of the stock were exchanged, compared to its average volume of 581,157. Oshkosh has a 52-week low of $76.82 and a 52-week high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.12 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The firm has a fifty day moving average of $100.90 and a 200 day moving average of $101.76.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Oshkosh in the fourth quarter valued at approximately $72,692,000. American Century Companies Inc. increased its holdings in Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after buying an additional 384,141 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Oshkosh during the 4th quarter worth about $25,968,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Oshkosh during the 4th quarter worth about $23,285,000. Finally, Atlantic Investment Management Inc. acquired a new position in shares of Oshkosh during the 4th quarter worth about $21,866,000. 92.36% of the stock is owned by institutional investors and hedge funds.

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.