Wells Fargo & Company Increases Oshkosh (NYSE:OSK) Price Target to $204.00

Oshkosh (NYSE:OSK) had its price target raised by equities researchers at Wells Fargo & Company from $168.00 to $204.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 18.25% from the company’s current price.

Several other analysts also recently weighed in on OSK. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird set a $182.00 target price on Oshkosh in a report on Friday, January 30th. Morgan Stanley cut their price target on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Sanford C. Bernstein lifted their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.00.

Oshkosh Stock Performance

Oshkosh stock traded down $5.42 during mid-day trading on Wednesday, reaching $172.52. 22,179 shares of the company traded hands, compared to its average volume of 878,046. The firm’s fifty day moving average is $150.88 and its two-hundred day moving average is $138.57. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.43. Oshkosh has a fifty-two week low of $76.82 and a fifty-two week high of $180.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. On average, equities research analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Oshkosh by 6.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,005,205 shares of the company’s stock valued at $377,547,000 after acquiring an additional 175,139 shares during the period. American Century Companies Inc. increased its stake in shares of Oshkosh by 22.8% in the 2nd 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 in the last quarter. LSV Asset Management raised its holdings in Oshkosh by 0.9% in the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock worth $240,427,000 after purchasing an additional 17,944 shares during the period. Invesco Ltd. boosted its position in Oshkosh by 20.4% during the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company’s stock worth $223,337,000 after purchasing an additional 300,766 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after purchasing an additional 345,782 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.