The stock of Oshkosh Corp (NYSE:OSK) hit a new 52-week high and has $74.22 target or 7.00% above today’s $69.36 share price. The 9 months bullish chart indicates low risk for the $5.21B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $74.22 price target is reached, the company will be worth $364.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 565,429 shares traded hands. Oshkosh Corp (NYSE:OSK) has risen 73.04% since April 21, 2016 and is uptrending. It has outperformed by 67.71% the S&P500.
Analysts await Oshkosh Corp (NYSE:OSK) to report earnings on January, 26 before the open. They expect $0.11 EPS, down 42.11% or $0.08 from last year’s $0.19 per share. OSK’s profit will be $8.26M for 157.64 P/E if the $0.11 EPS becomes a reality. After $1.05 actual EPS reported by Oshkosh Corp for the previous quarter, Wall Street now forecasts -89.52% negative EPS growth.
Oshkosh Corp (NYSE:OSK) Ratings Coverage
Out of 17 analysts covering Oshkosh Corporation (NYSE:OSK), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. Oshkosh Corporation has been the topic of 38 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Barrington Research with “Outperform” on Friday, July 29. The firm earned “Hold” rating on Wednesday, August 26 by Drexel Hamilton. The firm has “Buy” rating by Jefferies given on Thursday, August 27. Standpoint Research upgraded it to “Hold” rating and $52.0 target price in Wednesday, August 26 report. The stock has “Buy” rating given by Stifel Nicolaus on Monday, September 26. As per Friday, April 29, the company rating was maintained by Citigroup. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 29. Standpoint Research downgraded the shares of OSK in a report on Friday, April 29 to “Hold” rating. The firm has “Neutral” rating given on Monday, May 23 by Macquarie Research. The firm has “Hold” rating by Drexel Hamilton given on Friday, July 31.
According to Zacks Investment Research, “Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh, JLG, Pierce, McNeilus, Medtec, Jerr-Dan, BAI, Oshkosh Specialty Vehicles, Frontline, SMIT, Geesink, Norba, Kiggen, Con-E-Co, London and IMT. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount.”
Insitutional Activity: The institutional sentiment decreased to 1.3 in Q2 2016. Its down 0.15, from 1.45 in 2016Q1. The ratio dived, as 15 funds sold all Oshkosh Corp shares owned while 78 reduced positions. 52 funds bought stakes while 83 increased positions. They now own 69.13 million shares or 6.51% less from 73.95 million shares in 2016Q1.
Commonwealth Of Pennsylvania School Empls Retrmt Systems has 14,121 shares for 0.01% of their US portfolio. Kbc Nv accumulated 9,824 shares or 0.01% of the stock. Mutual Of America Capital Mngmt Limited Co last reported 69,232 shares in the company. Whittier Tru Com Of Nevada Incorporated last reported 0% of its portfolio in the stock. Kcg holds 0.01% or 7,128 shares in its portfolio. Oregon Public Employees Retirement Fund holds 38,067 shares or 0.04% of its portfolio. Northern Corp holds 0.01% of its portfolio in Oshkosh Corp (NYSE:OSK) for 761,390 shares. Retail Bank Of Mellon Corp holds 0.01% of its portfolio in Oshkosh Corp (NYSE:OSK) for 848,717 shares. Meeder Asset Mgmt reported 5,386 shares or 0.02% of all its holdings. D E Shaw & owns 222,220 shares or 0.02% of their US portfolio. Retirement System Of Alabama has invested 0.03% of its portfolio in Oshkosh Corp (NYSE:OSK). Centurylink Invest Mgmt Com reported 9,489 shares or 0.16% of all its holdings. Louisiana State Employees Retirement System holds 19,500 shares or 0.05% of its portfolio. The Massachusetts-based Rhumbline Advisers has invested 0.02% in Oshkosh Corp (NYSE:OSK). Moreover, Ubs Oconnor Ltd Llc has 0% invested in Oshkosh Corp (NYSE:OSK) for 92,808 shares.
Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 28 selling transactions for $14.15 million net activity. Another trade for 1,000 shares valued at $54,775 was made by Grennier R Scott on Monday, August 29. Jones Wilson R sold $110,160 worth of stock. KIMMITT JOSEPH H sold $3.05 million worth of Oshkosh Corp (NYSE:OSK) on Thursday, November 10. Shares for $190,740 were sold by May Marek W. on Friday, November 11. POLNASZEK THOMAS J also sold $1.10 million worth of Oshkosh Corp (NYSE:OSK) shares. $233,464 worth of shares were sold by SIM RICHARD G on Monday, August 15. Moynihan Colleen R. sold $951,090 worth of Oshkosh Corp (NYSE:OSK) on Monday, August 1.
More important recent Oshkosh Corp (NYSE:OSK) news were published by: Streetinsider.com which released: “Two Board Members to Retire from Oshkosh Corp. (OSK); Board Size Cut to 12” on November 22, 2016, also Streetinsider.com published article titled: “Form 4 OSHKOSH CORP For: Nov 21 Filed by: Cortina Ignacio A”, Jsonline.com published: “Oshkosh Corp. profit rises 22% on military business” on November 01, 2016. More interesting news about Oshkosh Corp (NYSE:OSK) was released by: Streetinsider.com and their article: “Form 4 OSHKOSH CORP For: Nov 18 Filed by: Moynihan Colleen R.” with publication date: November 21, 2016.
OSK Company Profile
Oshkosh Corporation, incorporated on January 31, 1930, is a designer, maker and marketer of a range of specialty vehicles and vehicle bodies, including access equipment, defense trucks and trailers, fire and emergency vehicles, concrete mixers and refuse collection vehicles. The Company’s divisions include Access Equipment, Defense, Fire & Emergency, and Commercial. The Firm makes aircraft rescue and firefighting (ARFF) and airport snow removal vehicles under the brand name Oshkosh. The Firm makes rear-and front-discharge concrete mixers and portable and stationary concrete batch plants under McNeilus, Oshkosh, London and CON-E-CO brands. Under the IMT brand name, the Company makes field service vehicles and truck-mounted cranes. Under the Frontline brand name, the Company makes and markets broadcast vehicles.
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