Price Action Report: Oshkosh Corp Can’t Be More Hot. Just Reaches All Time High

Price Action Report: Oshkosh Corp Can't Be More Hot. Just Reaches All Time High

The stock of Oshkosh Corp (NYSE:OSK) reached all time high today, Nov, 14 and still has $98.03 target or 49.00% above today’s $65.79 share price. This indicates more upside for the $4.97B company. This technical setup was reported by Barchart.com. If the $98.03 PT is reached, the company will be worth $2.44B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.12M shares traded hands or 15.64% up from the average. Oshkosh Corp (NYSE:OSK) has risen 65.93% since April 12, 2016 and is uptrending. It has outperformed by 60.95% 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. The firm has “Outperform” rating given on Friday, July 29 by RBC Capital Markets. As per Monday, September 26, the company rating was upgraded by JP Morgan. Bank of America upgraded the shares of OSK in a report on Friday, April 29 to “Neutral” rating. On Monday, September 26 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Buy” rating on Wednesday, September 7 by Deutsche Bank. The rating was initiated by SunTrust with “Neutral” on Tuesday, November 3. The firm has “Buy” rating by Suntrust Robinson given on Friday, January 29. The firm earned “Neutral” rating on Tuesday, November 3 by Suntrust Robinson. The stock has “Hold” rating given by Drexel Hamilton on Friday, July 31. The firm has “Outperform” rating given on Friday, July 29 by Barrington Research.

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.
Scopus Asset Mngmt L P reported 65,700 shares or 0.04% of all its holdings. Barclays Public Limited Company, a United Kingdom-based fund reported 69,820 shares. Goldman Sachs Grp Inc accumulated 196,330 shares or 0% of the stock. Moreover, Suntrust Banks Incorporated has 0.01% invested in Oshkosh Corp (NYSE:OSK) for 45,038 shares. American Assets Inv Mngmt Ltd Com, a California-based fund reported 71,040 shares. Massmutual Trust Fsb Adv has 0% invested in the company for 11,870 shares. The California-based True Bearing Asset Management L P has invested 4.04% in Oshkosh Corp (NYSE:OSK). Moreover, Asset Management has 0% invested in Oshkosh Corp (NYSE:OSK) for 1,900 shares. Macquarie Grp Incorporated Ltd has invested 0% of its portfolio in Oshkosh Corp (NYSE:OSK). Northpointe Cap Lc last reported 61,732 shares in the company. The Illinois-based Chicago Equity Prns Llc has invested 0.07% in Oshkosh Corp (NYSE:OSK). Fmr Ltd Liability reported 2.20 million shares or 0.01% of all its holdings. Ngam Limited Partnership accumulated 34,746 shares or 0.02% of the stock. Moreover, Point72 Asset Mgmt L P has 0.01% invested in Oshkosh Corp (NYSE:OSK) for 16,500 shares. Great West Life Assurance Can holds 2.08M shares or 0.31% of its portfolio.

Insider Transactions: Since May 20, 2016, the stock had 0 insider purchases, and 25 insider sales for $13.18 million net activity. The insider SIM RICHARD G sold $183,430. $1.10M worth of shares were sold by POLNASZEK THOMAS J on Monday, August 1. 14,333 shares with value of $770,252 were sold by Fredericksen Gregory L on Tuesday, August 16. Messina Robert S also sold $135,450 worth of Oshkosh Corp (NYSE:OSK) shares. 3,133 shares were sold by Radue Mark M, worth $170,341. Grennier R Scott also sold $347,974 worth of Oshkosh Corp (NYSE:OSK) on Tuesday, August 2. DONNELLY RICHARD M had sold 900 shares worth $40,851 on Friday, May 20.

More notable recent Oshkosh Corp (NYSE:OSK) news were published by: Fool.com which released: “Why Oshkosh Corp Shares Dropped 10% Today” on September 23, 2016, also Streetinsider.com with their article: “Form 4 OSHKOSH CORP For: Nov 10 Filed by: Johnson James W.” published on November 14, 2016, Jsonline.com published: “Oshkosh Corp. profit rises 22% on military business” on November 01, 2016. More interesting news about Oshkosh Corp (NYSE:OSK) were released by: Nasdaq.com and their article: “Oshkosh Corporation (OSK) Ex-Dividend Date Scheduled for November 15, 2016” published on November 14, 2016 as well as Bizjournals.com‘s news article titled: “Oshkosh Corp. receives $42M U.S. Army order” with publication date: September 26, 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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