Oshkosh (OSK) Upgraded to “Sell” at ValuEngine

ValuEngine upgraded shares of Oshkosh (NYSE:OSK) from a strong sell rating to a sell rating in a research note issued to investors on Thursday, September 13th.

A number of other research analysts also recently commented on the stock. Buckingham Research began coverage on shares of Oshkosh in a research report on Tuesday, August 28th. They issued a neutral rating and a $76.00 target price on the stock. Credit Suisse Group dropped their target price on shares of Oshkosh from $96.00 to $83.00 and set a neutral rating on the stock in a research report on Wednesday, August 1st. Zacks Investment Research raised shares of Oshkosh from a hold rating to a buy rating and set a $80.00 target price on the stock in a research report on Sunday, July 15th. Longbow Research assumed coverage on shares of Oshkosh in a research report on Friday, July 13th. They set a buy rating and a $88.00 price objective on the stock. Finally, 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 report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Oshkosh currently has a consensus rating of Hold and an average price target of $89.87.

Oshkosh stock traded down $2.18 during mid-day trading on Thursday, reaching $69.92. 455,522 shares of the company’s stock were exchanged, compared to its average volume of 738,351. The firm has a market cap of $5.21 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.65 and a beta of 1.48. Oshkosh has a twelve month low of $66.77 and a twelve month high of $100.26. The company has a quick ratio of 1.16, a current ratio of 1.88 and a debt-to-equity ratio of 0.34.

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new position in shares of Oshkosh in the first quarter valued at approximately $105,000. Optimum Investment Advisors acquired a new position in shares of Oshkosh in the first quarter valued at approximately $106,000. Cornerstone Wealth Management LLC acquired a new position in shares of Oshkosh in the second quarter valued at approximately $200,000. Sawtooth Solutions LLC acquired a new position in shares of Oshkosh in the second quarter valued at approximately $202,000. Finally, Trexquant Investment LP acquired a new position in shares of Oshkosh in the second quarter valued at approximately $218,000. Institutional investors own 89.34% of the company’s stock.

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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