Several other brokerages have also issued reports on OSK. Stifel Nicolaus restated a buy rating and set a $100.00 price target on shares of Oshkosh Corporation in a research note on Wednesday. Drexel Hamilton upgraded shares of Oshkosh Corporation from a hold rating to a buy rating and set a $83.00 price objective for the company in a research note on Friday, August 4th. Citigroup Inc. lifted their price objective on shares of Oshkosh Corporation from $85.00 to $100.00 and gave the company a buy rating in a research note on Friday, October 13th. Bank of America Corporation upgraded shares of Oshkosh Corporation from an underperform rating to a neutral rating and lifted their price objective for the company from $60.00 to $78.00 in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a buy rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a research note on Thursday, July 13th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $92.85.
Shares of Oshkosh Corporation (NYSE OSK) traded down $1.02 during mid-day trading on Thursday, hitting $86.64. 552,720 shares of the stock traded hands, compared to its average volume of 663,270. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 1.81. Oshkosh Corporation has a 12 month low of $54.18 and a 12 month high of $94.16. The stock has a market cap of $6,483.18, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.42 and a beta of 1.87.
Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.36. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the business posted $1.05 EPS. Oshkosh Corporation’s quarterly revenue was up 11.8% compared to the same quarter last year. equities research analysts anticipate that Oshkosh Corporation will post 4.51 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Oshkosh Corporation (OSK) Receives “Buy” Rating from Royal Bank Of Canada” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.com-unik.info/2017/11/04/oshkosh-corporation-osk-receives-buy-rating-from-royal-bank-of-canada.html.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.11%. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, November 15th. Oshkosh Corporation’s dividend payout ratio (DPR) is presently 22.34%.
In other news, VP Robert S. Messina sold 3,400 shares of Oshkosh Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $75.23, for a total transaction of $255,782.00. Following the completion of the sale, the vice president now directly owns 12,558 shares of the company’s stock, valued at approximately $944,738.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP R Scott Grennier sold 4,883 shares of Oshkosh Corporation stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total transaction of $363,295.20. Following the sale, the vice president now directly owns 4,912 shares of the company’s stock, valued at $365,452.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,283 shares of company stock valued at $3,393,817. Insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of OSK. Advisors Asset Management Inc. lifted its holdings in shares of Oshkosh Corporation by 3.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after acquiring an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its holdings in shares of Oshkosh Corporation by 4.7% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after acquiring an additional 100 shares during the last quarter. ARP Americas LLC bought a new stake in shares of Oshkosh Corporation during the 2nd quarter worth $206,000. Raymond James Trust N.A. lifted its holdings in shares of Oshkosh Corporation by 0.9% during the 2nd quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock worth $210,000 after acquiring an additional 28 shares during the last quarter. Finally, CrestPoint Capital Management LLC bought a new stake in shares of Oshkosh Corporation during the 2nd quarter worth $234,000. 94.35% of the stock is owned by institutional investors.
About Oshkosh Corporation
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
What are top analysts saying about Oshkosh Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Oshkosh Corporation and related companies.