Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Oshkosh (OSK) Stock Price
Media headlines about Oshkosh (NYSE:OSK) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oshkosh earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.5496468054087 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Should You Buy Oshkosh Corporation (NYSE:OSK) At This PE Ratio? (finance.yahoo.com)
- Oshkosh (OSK) Raised to “Buy” at ValuEngine (americanbankingnews.com)
- Commercial Truck Equipment Corp. Expands Pierce Dealer Territory to Include Ontario (firehouse.com)
- Analyzing Douglas Dynamics (PLOW) and Oshkosh (OSK) (americanbankingnews.com)
- Top Ranked Growth Stocks to Buy for December 29th (zacks.com)
Shares of Oshkosh (OSK) traded down $0.14 during mid-day trading on Wednesday, hitting $92.03. The stock had a trading volume of 547,116 shares, compared to its average volume of 613,108. Oshkosh has a 12-month low of $61.74 and a 12-month high of $94.16. The firm has a market capitalization of $6,920.00, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.21 and a beta of 1.84. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35.
Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.36. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. analysts forecast that Oshkosh will post 4.55 EPS for the current year.
Several analysts recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Oshkosh in a research note on Thursday, October 12th. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. raised their price objective on Oshkosh from $80.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Wednesday, October 4th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Oshkosh in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $92.85.
In other news, VP James W. Johnson sold 22,300 shares of Oshkosh stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $90.59, for a total transaction of $2,020,157.00. Following the sale, the vice president now directly owns 51,673 shares of the company’s stock, valued at $4,681,057.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bradley M. Nelson sold 7,500 shares of Oshkosh stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.86, for a total value of $628,950.00. Following the sale, the senior vice president now directly owns 18,908 shares in the company, valued at $1,585,624.88. The disclosure for this sale can be found here. Insiders have sold 115,153 shares of company stock worth $9,953,433 over the last three months. Insiders own 1.60% of the company’s stock.
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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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