Oshkosh (NYSE:OSK) Stock Rating Lowered by Wall Street Zen

Oshkosh (NYSE:OSK) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages also recently weighed in on OSK. Barclays started coverage on shares of Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 target price for the company. Truist Financial cut their price objective on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company began coverage on shares of Oshkosh in a research report on Thursday, November 13th. They issued an “overweight” rating and a $144.00 price objective for the company. Citigroup lowered their target price on Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, UBS Group boosted their price target on Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.50.

Oshkosh Price Performance

Oshkosh stock opened at $129.43 on Friday. The stock has a market capitalization of $8.19 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.64 and a beta of 1.41. Oshkosh has a 12-month low of $76.82 and a 12-month high of $144.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99. The firm’s 50-day moving average is $128.31 and its two-hundred day moving average is $126.07.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.08. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Equities analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Institutional Investors Weigh In On Oshkosh

A number of institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of Oshkosh by 267.3% during the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock worth $126,224,000 after acquiring an additional 992,313 shares during the last quarter. Norges Bank acquired a new position in Oshkosh during the 2nd quarter valued at about $98,570,000. Alliancebernstein L.P. grew its position in Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after purchasing an additional 822,874 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Oshkosh in the 1st quarter worth about $54,860,000. Finally, American Century Companies Inc. increased its stake in shares of Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after purchasing an additional 529,907 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

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.