Oshkosh (NYSE:OSK) Lifted to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Oshkosh (NYSE:OSK) from a neutral rating to an overweight rating in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. They currently have $90.00 price objective on the stock, up from their prior price objective of $85.00.

A number of other equities analysts have also weighed in on OSK. Zacks Investment Research upgraded shares of Oshkosh from a hold rating to a buy rating and set a $88.00 price objective on the stock in a research report on Thursday, July 11th. ValuEngine lowered shares of Oshkosh from a hold rating to a sell rating in a research report on Thursday, August 1st. Citigroup lowered their price objective on shares of Oshkosh from $95.00 to $88.00 and set a buy rating on the stock in a research report on Tuesday, August 6th. Dougherty & Co started coverage on shares of Oshkosh in a research report on Wednesday, August 28th. They issued a buy rating and a $80.00 price objective on the stock. Finally, Evercore ISI upgraded shares of Oshkosh from an in-line rating to an outperform rating and set a $79.00 price objective on the stock in a research report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $84.00.

NYSE:OSK opened at $77.28 on Wednesday. The firm’s fifty day moving average price is $73.49 and its 200 day moving average price is $77.61. Oshkosh has a 1-year low of $51.42 and a 1-year high of $86.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.19. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.76 and a beta of 1.99.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.35. Oshkosh had a net margin of 7.04% and a return on equity of 22.70%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the firm posted $2.20 EPS. Oshkosh’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts expect that Oshkosh will post 8.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. Oshkosh’s payout ratio is currently 16.98%.

Several hedge funds and other institutional investors have recently modified their holdings of OSK. LSV Asset Management boosted its position in shares of Oshkosh by 47.3% during the 1st quarter. LSV Asset Management now owns 3,251,606 shares of the company’s stock worth $244,293,000 after purchasing an additional 1,044,322 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Oshkosh by 95.6% during the 2nd quarter. Prudential Financial Inc. now owns 1,775,463 shares of the company’s stock worth $148,234,000 after purchasing an additional 867,889 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Oshkosh by 47.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,999,373 shares of the company’s stock worth $166,128,000 after purchasing an additional 639,237 shares in the last quarter. BlackRock Inc. boosted its position in shares of Oshkosh by 8.8% during the 2nd quarter. BlackRock Inc. now owns 6,823,696 shares of the company’s stock worth $569,711,000 after purchasing an additional 549,796 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Oshkosh by 37.7% during the 2nd quarter. Bank of America Corp DE now owns 924,393 shares of the company’s stock worth $77,179,000 after purchasing an additional 252,874 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.

About Oshkosh

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 services; and chassis and service parts sales.

Featured Article: Capital Gains Distribution

Analyst Recommendations for Oshkosh (NYSE:OSK)

Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.