Morgan Stanley Raises Price Target for Oshkosh Stock

Morgan Stanley has increased its price target for Oshkosh (NYSE:OSK) from $98.00 to $110.00, according to a research note released on Monday. The investment firm has given Oshkosh an "equal weight" rating, which means they believe the stock is performing as expected relative to the market.

The new target price indicates a potential decline of about 4.05% from the stock's current trading price, suggesting that while there is room for growth, analysts are cautious. In addition to Morgan Stanley's update, several other equity research analysts have made their predictions regarding Oshkosh stock.

Other Analysts' Opinions

UBS Group recently lowered its price target for Oshkosh shares from $129.00 to $125.00 while maintaining a "buy" rating. Similarly, Citigroup reduced their target price from $125.00 to $110.00, also assigning a "buy" rating. Meanwhile, JPMorgan Chase & Co. raised their price target from $115.00 to $127.00 and gave the stock a "neutral" rating. Robert W. Baird adjusted their price objective from $171.00 to $160.00 but kept an "outperform" rating.

Raymond James, on the other hand, increased their target from $125.00 to $130.00 and assigned an "outperform" rating. Currently, one analyst has rated the stock as a sell, five analysts have a hold rating, and eight have issued a buy rating. The overall consensus rating for Oshkosh stock is classified as a "Moderate Buy," with an average price target of $124.08 according to data from various financial sources.

Oshkosh Stock Performance

As of midday trading on Monday, Oshkosh shares fell by 1.5%, bringing the stock price to $114.65. The trading volume reached 111,947 shares, a bit lower than the average volume of 685,911 shares. Oshkosh has a market capitalization of approximately $7.46 billion, a price-to-earnings (P/E) ratio of 11.09, and a PEG ratio of 1.97. The stock's beta stands at 1.22, indicating it tends to be slightly more volatile compared to the market overall.

The company's financial health shows a current ratio of 1.51, a quick ratio of 0.76, and a low debt-to-equity ratio of 0.14. Over the last year, the stock has fluctuated significantly, with a 52-week low of $89.08 and a high of $127.98. The fifty-day and two-hundred-day moving averages for the stock are currently $99.78 and $102.95, respectively.

Quarterly Earnings Highlights

Oshkosh reported its quarterly earnings data on January 30th, showing earnings per share (EPS) of $2.58, surpassing analysts' expectations of $2.22 by $0.36. The company's net margin is recorded at 6.34%, with a return on equity of 19.31%. Looking ahead, analysts predict that Oshkosh will deliver an average of 11 earnings per share for the current fiscal year.

Institutional Investor Activity

Several institutional investors have recently altered their positions in Oshkosh. Greenhaven Associates Inc. increased its stake by 0.6%, now owning 2,552,106 shares valued at approximately $242.6 million. FMR LLC raised its ownership by 3.3%, holding 1,223,891 shares valued at $122.6 million. Other firms like Geode Capital Management LLC and Charles Schwab Investment Management Inc. also made slight increases to their positions.

As of now, institutional investors and hedge funds control about 92.36% of Oshkosh’s stock, showcasing significant confidence in the company’s future adherence to its strategic goals.

Oshkosh: Company Overview

Oshkosh Corporation is known for providing purpose-built vehicles and equipment across the globe. The company operates through three primary segments: Access, Defense, and Vocational. Its Access Equipment segment focuses on designing and manufacturing aerial work platforms and telehandlers for construction and maintenance applications.

Overall, with Morgan Stanley's updated target price and varying opinions from other analysts, Oshkosh appears to be an attractive stock worth observing, especially for potential investors looking to explore options in the construction and equipment sector.

Oshkosh, Stocks, PriceTarget