Oshkosh Co. (NYSE:OSK) Receives Consensus Rating of “Hold” from Analysts
Oshkosh Co. (NYSE:OSK) has received an average recommendation of “Hold” from fourteen ratings firms that are currently covering the company. According to Marketbeat reports, one equities research analyst has issued a sell rating, six have rated the stock as hold, and seven analysts have given it a buy rating. The average 12-month target price among analysts who have issued reports on the stock in the past year is $123.14.
Recently, Oshkosh has been the subject of several analyst reports. Notably, JPMorgan Chase & Co. raised their target price on Oshkosh shares from $120.00 to $125.00, assigning a “neutral” rating in a report dated October 14th. Truist Financial also revised their price objective on Oshkosh, lowering it from $126.00 to $114.00 and maintaining a “hold” rating in their research report on October 9th. Meanwhile, Robert W. Baird adjusted their target price from $171.00 to $160.00, recommending an “outperform” rating in a report published on October 31st. Finally, Evercore ISI decreased their price target from $137.00 to $119.00, also classifying the stock as “outperform” in a note dated August 19th.
As for the stock’s performance, NYSE:OSK opened at $106.63 on a recent Friday. Throughout the year, Oshkosh’s stock has experienced a low of $93.34 and a high of $127.98. Currently, the company boasts a market capitalization of $6.94 billion, a PE ratio of 10.35, and a P/E/G ratio of 1.11, with a beta of 1.19. Their debt-to-equity ratio stands at 0.15, while the quick ratio is 0.79 and the current ratio is 1.46. Additionally, the stock has a 50-day moving average price of $107.14 and a 200-day moving average price of $106.36.
Oshkosh last reported its earnings on October 30th, revealing earnings per share (EPS) of $2.93 for the quarter, surpassing analysts’ consensus estimates of $2.87 by $0.06. The company reported revenue of $2.74 billion for the quarter, ahead of the consensus estimate of $2.63 billion. Oshkosh’s return on equity was recorded at 19.87%, with a net margin of 6.41%. Analysts expect Oshkosh to report an EPS of 11.35 for the current fiscal year.
The company recently announced a quarterly dividend that was paid on November 29th. Stockholders on record as of November 15th received a dividend of $0.46, resulting in an annualized dividend yield of 1.73%. The ex-dividend date was also November 15th, with Oshkosh’s payout ratio at 17.86%.
Large investors have adjusted their holdings in Oshkosh. For instance, Greenhaven Associates Inc. increased ownership by 0.8% during the third quarter, now holding 2,536,484 shares worth approximately $254.2 million following an additional purchase of 19,442 shares. Dimensional Fund Advisors LP grew its holdings by 4.5% during the second quarter, now owning 1,814,972 shares valued at around $196.37 million after acquiring 78,235 more shares in the last quarter. Similarly, American Century Companies Inc. raised its stake by 19.6% during the same quarter, holding 1,434,702 shares valued at about $155.24 million after purchasing 235,496 additional shares. Other significant holders include FMR LLC and Geode Capital Management LLC, both of which also increased their positions in Oshkosh shares recently.
Oshkosh Corporation is known for providing purpose-built vehicles and equipment globally. The company operates three segments: Access, Defense, and Vocational. Their Access Equipment segment designs and manufactures aerial work platforms and telehandlers for various applications in construction and maintenance, while also offering financing, leasing solutions, and equipment for towing and recovery.
While analysts currently rate Oshkosh as a “Hold,” many are keeping a close eye on other investment opportunities that may present better prospects. With market dynamics constantly evolving, investors might want to explore additional recommendations to see how they align with their financial goals.
