Citigroup Inc. Raises Oshkosh Corporation (OSK) Price Target to $100.00

Oshkosh Corporation (NYSE:OSK) had its price target raised by Citigroup Inc. from $85.00 to $100.00 in a research report sent to investors on Friday morning. Citigroup Inc. currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $80.00 price target on shares of Oshkosh Corporation in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a buy rating and issued a $85.00 price target on shares of Oshkosh Corporation in a research report on Thursday, July 13th. Zacks Investment Research raised shares of Oshkosh Corporation from a hold rating to a buy rating and set a $84.00 price target on the stock in a research report on Tuesday, August 8th. Drexel Hamilton raised shares of Oshkosh Corporation from a hold rating to a buy rating and set a $83.00 price target on the stock in a research report on Friday, August 4th. Finally, ValuEngine raised shares of Oshkosh Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $85.25.

Oshkosh Corporation (OSK) opened at 87.83 on Friday. Oshkosh Corporation has a one year low of $52.00 and a one year high of $88.20. The company has a market capitalization of $6.57 billion, a PE ratio of 26.06 and a beta of 1.77. The stock’s 50 day moving average is $79.34 and its 200 day moving average is $71.42.

Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, analysts anticipate that Oshkosh Corporation will post $3.96 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/17/citigroup-inc-raises-oshkosh-corporation-osk-price-target-to-100-00.html.

In related news, VP R Scott Grennier sold 4,883 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the sale, the vice president now owns 4,912 shares of the company’s stock, valued at approximately $365,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert S. Messina sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $75.23, for a total transaction of $255,782.00. Following the sale, the vice president now directly owns 12,558 shares in the company, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock worth $3,810,466 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Koch Industries Inc. bought a new position in shares of Oshkosh Corporation in the 2nd quarter worth $264,000. 1st Global Advisors Inc. increased its holdings in shares of Oshkosh Corporation by 183.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 12,204 shares of the company’s stock worth $841,000 after buying an additional 7,901 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Oshkosh Corporation by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 22,382 shares of the company’s stock worth $1,542,000 after buying an additional 388 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Oshkosh Co

Other analysts have also issued research reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $80.00 price target on shares of Oshkosh Corporation in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a buy rating and issued a $85.00 price target on shares of Oshkosh Corporation in a research report on Thursday, July 13th. Zacks Investment Research raised shares of Oshkosh Corporation from a hold rating to a buy rating and set a $84.00 price target on the stock in a research report on Tuesday, August 8th. Drexel Hamilton raised shares of Oshkosh Corporation from a hold rating to a buy rating and set a $83.00 price target on the stock in a research report on Friday, August 4th. Finally, ValuEngine raised shares of Oshkosh Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $85.25.

Oshkosh Corporation (OSK) opened at 87.83 on Friday. Oshkosh Corporation has a one year low of $52.00 and a one year high of $88.20. The company has a market capitalization of $6.57 billion, a PE ratio of 26.06 and a beta of 1.77. The stock’s 50 day moving average is $79.34 and its 200 day moving average is $71.42.

Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, analysts anticipate that Oshkosh Corporation will post $3.96 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/17/citigroup-inc-raises-oshkosh-corporation-osk-price-target-to-100-00.html.

In related news, VP R Scott Grennier sold 4,883 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the sale, the vice president now owns 4,912 shares of the company’s stock, valued at approximately $365,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert S. Messina sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $75.23, for a total transaction of $255,782.00. Following the sale, the vice president now directly owns 12,558 shares in the company, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock worth $3,810,466 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Koch Industries Inc. bought a new position in shares of Oshkosh Corporation in the 2nd quarter worth $264,000. 1st Global Advisors Inc. increased its holdings in shares of Oshkosh Corporation by 183.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 12,204 shares of the company’s stock worth $841,000 after buying an additional 7,901 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Oshkosh Corporation by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 22,382 shares of the company’s stock worth $1,542,000 after buying an additional 388 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Oshkosh Corporation by 6.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 15,647 shares of the company’s stock worth $1,078,000 after buying an additional 900 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Oshkosh Corporation in the 2nd quarter worth $736,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Corporation Company Profile

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.

Analyst Recommendations for Oshkosh Corporation (NYSE:OSK)

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