Oshkosh (NYSE:OSK) Downgraded to Hold at StockNews.com

Oshkosh (NYSE:OSKGet Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other analysts have also recently issued reports on OSK. Raymond James raised their price objective on Oshkosh from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. Morgan Stanley dropped their price target on Oshkosh from $105.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, October 13th. The Goldman Sachs Group lifted their price target on Oshkosh from $89.00 to $104.00 and gave the stock a “buy” rating in a report on Friday, October 28th. JPMorgan Chase & Co. lifted their price target on Oshkosh from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, October 28th. Finally, Robert W. Baird dropped their price target on Oshkosh from $84.00 to $83.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $100.43.

Oshkosh Stock Performance

Shares of OSK traded down $0.83 during mid-day trading on Thursday, reaching $92.91. The company’s stock had a trading volume of 252,193 shares, compared to its average volume of 401,039. Oshkosh has a 1-year low of $69.30 and a 1-year high of $125.16. The stock has a market cap of $6.08 billion, a P/E ratio of 67.82, a PEG ratio of 1.51 and a beta of 1.38. The business has a 50-day simple moving average of $82.17 and a two-hundred day simple moving average of $84.18. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently modified their holdings of the business. CX Institutional acquired a new stake in shares of Oshkosh during the 2nd quarter valued at $25,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Oshkosh during the 2nd quarter valued at $26,000. New Century Advisors LLC boosted its holdings in shares of Oshkosh by 137.2% during the 3rd quarter. New Century Advisors LLC now owns 351 shares of the company’s stock valued at $25,000 after acquiring an additional 203 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in shares of Oshkosh by 89.6% during the 3rd quarter. Valley National Advisers Inc. now owns 400 shares of the company’s stock valued at $32,000 after acquiring an additional 189 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its holdings in shares of Oshkosh by 214.4% during the 1st quarter. Eagle Bay Advisors LLC now owns 481 shares of the company’s stock valued at $49,000 after acquiring an additional 328 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

About Oshkosh

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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.

Further Reading

Analyst Recommendations for Oshkosh (NYSE:OSK)

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