Oshkosh Corporation (NYSE:OSK) Lifted to Neutral at Bank of America Corporation
Bank of America Corporation upgraded shares of Oshkosh Corporation (NYSE:OSK) from an underperform rating to a neutral rating in a research report sent to investors on Thursday morning, Marketbeat reports. Bank of America Corporation currently has $78.00 price objective on the stock, up from their previous price objective of $60.00.
Several other equities research analysts have also recently commented on OSK. Deutsche Bank AG lifted their target price on Oshkosh Corporation from $73.00 to $76.00 and gave the company a hold rating in a research note on Thursday, April 6th. Zacks Investment Research raised Oshkosh Corporation from a hold rating to a buy rating and set a $77.00 target price for the company in a research note on Saturday, April 8th. Royal Bank Of Canada lifted their target price on Oshkosh Corporation from $79.00 to $80.00 and gave the company an outperform rating in a research note on Thursday, April 27th. Barrington Research lifted their price objective on Oshkosh Corporation from $75.00 to $86.00 and gave the stock an outperform rating in a research note on Thursday, April 27th. Finally, ValuEngine raised Oshkosh Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Oshkosh Corporation presently has a consensus rating of Buy and an average price target of $75.08.
Shares of Oshkosh Corporation (NYSE:OSK) traded up 0.24% on Thursday, reaching $75.17. The company had a trading volume of 97,609 shares. The company has a 50-day moving average price of $68.51 and a 200-day moving average price of $68.23. Oshkosh Corporation has a one year low of $50.77 and a one year high of $75.86. The firm has a market cap of $5.62 billion, a P/E ratio of 22.31 and a beta of 1.81.
Oshkosh Corporation (NYSE:OSK) last released its earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.51. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm earned $1.13 EPS. On average, analysts expect that Oshkosh Corporation will post $3.87 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a yield of 1.12%. Oshkosh Corporation’s payout ratio is 25.07%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its position in Oshkosh Corporation by 3.5% in the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after buying an additional 68 shares during the last quarter. 1st Global Advisors Inc. boosted its position in Oshkosh Corporation by 2.2% in the first quarter. 1st Global Advisors Inc. now owns 4,303 shares of the company’s stock worth $295,000 after buying an additional 91 shares during the last quarter. Arizona State Retirement System boosted its position in Oshkosh Corporation by 0.3% in the first quarter. Arizona State Retirement System now owns 31,000 shares of the company’s stock worth $2,126,000 after buying an additional 94 shares during the last quarter. M&T Bank Corp boosted its position in Oshkosh Corporation by 2.0% in the first quarter. M&T Bank Corp now owns 5,074 shares of the company’s stock worth $348,000 after buying an additional 100 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Oshkosh Corporation by 2.0% in the first quarter. World Asset Management Inc now owns 5,554 shares of the company’s stock worth $381,000 after buying an additional 111 shares during the last quarter. 95.09% of the stock is owned by hedge funds and other institutional investors.
Oshkosh Corporation 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.
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