Oshkosh Corporation (OSK) Price Target Increased to $100.00 by Analysts at Citigroup Inc.
Oshkosh Corporation (NYSE:OSK) had its target price increased by analysts at Citigroup Inc. from $85.00 to $100.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective indicates a potential upside of 14.55% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. Bank of America Corporation cut shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the company from $75.00 to $60.00 in a report on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a research report on Thursday, September 7th. KeyCorp reiterated a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a research report on Sunday, September 17th. Zacks Investment Research lowered shares of Oshkosh Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $86.00 price objective (up from $80.00) on shares of Oshkosh Corporation in a research report on Monday. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $85.25.
Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.51. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS.
In related news, insider Joseph H. Kimmitt sold 23,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $75.83, for a total value of $1,744,090.00. Following the sale, the insider now directly owns 70,262 shares in the company, valued at approximately $5,327,967.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ignacio A. Cortina sold 4,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $75.28, for a total transaction of $301,120.00. Following the completion of the sale, the executive vice president now owns 11,778 shares in the company, valued at $886,647.84. The disclosure for this sale can be found here. Insiders sold a total of 50,533 shares of company stock worth $3,810,466 over the last quarter. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Oshkosh Corporation by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 7,019,731 shares of the company’s stock worth $483,519,000 after buying an additional 251,809 shares in the last quarter. BlackRock Inc. boosted its position in shares of Oshkosh Corporation by 5,532.7% in the 1st quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after buying an additional 6,316,906 shares in the last quarter. Aristotle Capital Management LLC boosted its position in shares of Oshkosh Corporation by 4.6% in the 1st quarter. Aristotle Capital Management LLC now owns 4,268,889 shares of the company’s stock worth $292,803,000 after buying an additional 188,368 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Oshkosh Corporation by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after buying an additional 1,037,968 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Oshkosh Corporation by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after buying an additional 1,063,971 shares in the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.
About Oshkosh Corporation
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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