Oshkosh (OSK) Rating Lowered to Strong Sell at ValuEngine

Oshkosh (NYSE:OSK) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

OSK has been the topic of several other research reports. Royal Bank of Canada restated a “buy” rating and issued a $98.00 price objective on shares of Oshkosh in a research note on Wednesday, August 1st. Credit Suisse Group lowered their price objective on shares of Oshkosh from $96.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 1st. Stifel Nicolaus lowered their price objective on shares of Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. KeyCorp reduced their target price on Oshkosh from $104.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, August 1st. Finally, Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $89.87.

Shares of Oshkosh stock opened at $69.92 on Friday. The firm has a market capitalization of $5.21 billion, a PE ratio of 16.45, a P/E/G ratio of 0.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88. Oshkosh has a 1 year low of $66.77 and a 1 year high of $100.26.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.18. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. Oshkosh had a net margin of 5.44% and a return on equity of 19.19%. Oshkosh’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $1.84 earnings per share. On average, sell-side analysts anticipate that Oshkosh will post 6.03 earnings per share for the current year.

In other Oshkosh news, VP David M. Sagehorn sold 45,000 shares of Oshkosh stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $75.40, for a total transaction of $3,393,000.00. Following the completion of the transaction, the vice president now directly owns 179,097 shares of the company’s stock, valued at $13,503,913.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wilson R. Jones sold 47,000 shares of Oshkosh stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $72.02, for a total value of $3,384,940.00. Following the transaction, the insider now directly owns 180,862 shares of the company’s stock, valued at $13,025,681.24. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of OSK. Northern Trust Corp lifted its holdings in shares of Oshkosh by 4.0% during the first quarter. Northern Trust Corp now owns 669,971 shares of the company’s stock valued at $51,769,000 after acquiring an additional 25,797 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Oshkosh by 6.8% during the first quarter. New York State Common Retirement Fund now owns 192,296 shares of the company’s stock valued at $14,859,000 after acquiring an additional 12,264 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Oshkosh by 33.5% during the first quarter. Hsbc Holdings PLC now owns 11,030 shares of the company’s stock valued at $852,000 after acquiring an additional 2,766 shares during the period. Sei Investments Co. lifted its holdings in shares of Oshkosh by 40.3% during the first quarter. Sei Investments Co. now owns 124,750 shares of the company’s stock valued at $9,639,000 after acquiring an additional 35,829 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of Oshkosh during the first quarter valued at $231,000. 89.34% of the stock is owned by institutional investors.

Oshkosh Company Profile

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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