Truist Financial Has Lowered Expectations for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target cut by stock analysts at Truist Financial from $118.00 to $94.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential upside of 14.72% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price target on Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. UBS Group dropped their price target on Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a research note on Monday. KeyCorp lowered their price objective on shares of Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday. Evercore ISI increased their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group lowered their price objective on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus target price of $118.54.

Oshkosh Price Performance

OSK stock traded up $0.33 during trading on Tuesday, hitting $81.94. The stock had a trading volume of 88,996 shares, compared to its average volume of 578,247. The company’s 50-day moving average price is $100.90 and its two-hundred day moving average price is $101.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The stock has a market capitalization of $5.30 billion, a P/E ratio of 7.92, a PEG ratio of 1.45 and a beta of 1.26. Oshkosh has a twelve month low of $76.82 and a twelve month high of $127.98.

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

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Oshkosh in the 4th quarter valued at approximately $72,692,000. American Century Companies Inc. raised its holdings in Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after acquiring an additional 384,141 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Oshkosh in the fourth quarter worth $25,968,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Oshkosh in the fourth quarter worth about $23,285,000. Finally, Atlantic Investment Management Inc. bought a new stake in Oshkosh in the fourth quarter worth $21,866,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.