The stock of Oshkosh Corp (NYSE:OSK) hit a new 52-week high and has $96.32 target or 60.00% above today’s $60.20 share price. The 5 months bullish chart indicates low risk for the $4.42B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $96.32 price target is reached, the company will be worth $2.65 billion 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 1.65 million shares traded hands or 108.52% up from the average. Oshkosh Corp (NYSE:OSK) has risen 43.26% since April 7, 2016 and is uptrending. It has outperformed by 38.48% the S&P500.
Oshkosh Corp (NYSE:OSK) Ratings Coverage
Out of 17 analysts covering Oshkosh Corporation (NYSE:OSK), 11 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 65% are positive. Oshkosh Corporation has been the topic of 37 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Deutsche Bank initiated Oshkosh Corp (NYSE:OSK) rating on Wednesday, September 7. Deutsche Bank has “Buy” rating and $62 price target. Bank of America upgraded the shares of OSK in a report on Thursday, August 18 to “Buy” rating. Macquarie Research maintained it with “Neutral” rating and $50 target price in Monday, September 26 report. The firm has “Buy” rating by Stifel Nicolaus given on Monday, September 26. The stock has “Neutral” rating given by Macquarie Research on Monday, May 23. RBC Capital Markets upgraded the shares of OSK in a report on Friday, July 29 to “Outperform” rating. The firm has “Neutral” rating given on Tuesday, November 3 by Suntrust Robinson. The rating was upgraded by Jefferies on Thursday, August 27 to “Buy”. Stifel Nicolaus maintained Oshkosh Corp (NYSE:OSK) rating on Friday, July 29. Stifel Nicolaus has “Buy” rating and $63 price target. The stock of Oshkosh Corp (NYSE:OSK) has “Hold” rating given on Friday, July 31 by Drexel Hamilton.
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 increased to 1.45 in Q2 2016. Its up 0.57, from 0.88 in 2016Q1. The ratio increased, 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.
Deutsche Commercial Bank Ag has 0% invested in the company for 129,427 shares. Advisers Ltd Liability Corp holds 18,548 shares or 0.01% of its portfolio. Shell Asset Communications last reported 34,183 shares in the company. Pub Employees Retirement Association Of Colorado has 0.01% invested in the company for 16,572 shares. Stifel Financial has invested 0% of its portfolio in Oshkosh Corp (NYSE:OSK). The Massachusetts-based State Street has invested 0.01% in Oshkosh Corp (NYSE:OSK). Heartland holds 245,491 shares or 0.66% of its portfolio. Fdx Advisors accumulated 6,812 shares or 0.01% of the stock. Suntrust Banks Inc, a Georgia-based fund reported 45,038 shares. Lsv Asset Management reported 1.45 million shares or 0.14% of all its holdings. Meeder Asset Management Inc, a Ohio-based fund reported 5,386 shares. Ridgeworth Management Lc last reported 755,100 shares in the company. Blackrock Fund Advsrs holds 2.54M shares or 0.03% of its portfolio. Walleye Trading Ltd Co holds 1,777 shares or 0% of its portfolio. Point72 Asset Mgmt L P has 0.01% invested in the company for 16,500 shares.
Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 19 sales for $8.11 million net activity. $233,464 worth of Oshkosh Corp (NYSE:OSK) was sold by SIM RICHARD G on Monday, August 15. 900 shares were sold by DONNELLY RICHARD M, worth $40,851 on Friday, May 20. $981,000 worth of shares were sold by KIMMITT JOSEPH H on Monday, August 1. $1.10M worth of shares were sold by POLNASZEK THOMAS J on Monday, August 1. 14,333 shares were sold by Fredericksen Gregory L, worth $770,252 on Tuesday, August 16. May Marek W. had sold 3,000 shares worth $161,190. Another trade for 6,430 shares valued at $347,974 was made by Grennier R Scott on Tuesday, August 2.
More notable recent Oshkosh Corp (NYSE:OSK) news were published by: Jsonline.com which released: “Oshkosh Corp. profit rises 22% on military business” on November 01, 2016, also Businesswire.com with their article: “Oshkosh Corporation Reports Fiscal 2016 Fourth Quarter and Full Year Results” published on November 01, 2016, Fool.com published: “Why Oshkosh Corp Shares Dropped 10% Today” on September 23, 2016. More interesting news about Oshkosh Corp (NYSE:OSK) were released by: Jsonline.com and their article: “Oshkosh Corp. hosting job fair to hire 300 workers” published on July 20, 2016 as well as Bizjournals.com‘s news article titled: “Oshkosh Corp. receives $409 million order from U.S. Army” with publication date: September 29, 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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