Stock of The Day: Could Oshkosh Corp Go Down After Making Record High?

Stock of The Day: Could Oshkosh Corp Go Down After Making Record High?

The stock of Oshkosh Corp (NYSE:OSK) reached all time high today, Nov, 22 and still has $72.58 target or 7.00% above today’s $67.83 share price. This indicates more upside for the $4.94 billion company. This technical setup was reported by Barchart.com. If the $72.58 PT is reached, the company will be worth $345.80M 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 363,846 shares traded hands. Oshkosh Corp (NYSE:OSK) has risen 69.34% since April 20, 2016 and is uptrending. It has outperformed by 64.79% the S&P500.

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 firm has “Neutral” rating given on Tuesday, November 3 by SunTrust. As per Friday, April 29, the company rating was downgraded by Standpoint Research. As per Monday, September 26, the company rating was maintained by Macquarie Research. JP Morgan upgraded the shares of OSK in a report on Monday, September 26 to “Overweight” rating. Bank of America upgraded the shares of OSK in a report on Thursday, August 18 to “Buy” rating. The company was maintained on Monday, September 26 by Deutsche Bank. The stock of Oshkosh Corp (NYSE:OSK) earned “Neutral” rating by Bank of America on Friday, April 29. The company was upgraded on Friday, January 29 by Suntrust Robinson. The firm earned “Neutral” rating on Thursday, November 17 by Bank of America. Deutsche Bank initiated Oshkosh Corp (NYSE:OSK) rating on Wednesday, September 7. Deutsche Bank has “Buy” rating and $62 price target.

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 2016 Q2. Its down 0.15, from 1.45 in 2016Q1. The ratio turned negative, 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.
Blackrock Invest Mngmt Limited Com reported 216,196 shares or 0.01% of all its holdings. Advsr Asset Management, a Colorado-based fund reported 1,900 shares. Bragg Advsr Inc holds 77,612 shares or 0.67% of its portfolio. Gemmer Asset Llc has 155 shares for 0% of their US portfolio. Meeder Asset Mngmt Inc has 5,386 shares for 0.02% of their US portfolio. Ridgeworth Capital Management Limited Liability accumulated 0.32% or 755,100 shares. Cubist Systematic Strategies Limited Liability Com last reported 7,100 shares in the company. Cetera Advisor Netwr Limited Liability Co has 0.02% invested in the company for 6,920 shares. Ls Investment Advsrs Limited reported 4,522 shares or 0.01% of all its holdings. Swiss Bancorporation last reported 122,600 shares in the company. Automobile Association has 0.02% invested in the company for 101,100 shares. Ladenburg Thalmann Fincl Incorporated owns 1,248 shares or 0% of their US portfolio. Lsv Asset Mngmt last reported 1.45 million shares in the company. Wilen Invest accumulated 0.14% or 4,700 shares. The Texas-based Dimensional Fund Advsrs Lp has invested 0.08% in Oshkosh Corp (NYSE:OSK).

Insider Transactions: Since August 1, 2016, the stock had 0 insider buys, and 28 selling transactions for $14.15 million net activity. Grennier R Scott sold $53,164 worth of stock or 876 shares. KIMMITT JOSEPH H sold $1.91 million worth of stock. May Marek W. also sold $161,190 worth of Oshkosh Corp (NYSE:OSK) shares. 2,000 Oshkosh Corp (NYSE:OSK) shares with value of $106,700 were sold by Radue Mark M. Shares for $1.10M were sold by POLNASZEK THOMAS J on Monday, August 1. $359,723 worth of Oshkosh Corp (NYSE:OSK) was sold by SIM RICHARD G on Thursday, August 11. Another trade for 5,200 shares valued at $344,734 was made by Moynihan Colleen R. on Friday, November 18.

More news for Oshkosh Corp (NYSE:OSK) were recently published by: Jsonline.com, which released: “Oshkosh Corp. profit rises 22% on military business” on November 01, 2016. Streetinsider.com‘s article titled: “Form 4 OSHKOSH CORP For: Nov 18 Filed by: Moynihan Colleen R.” and published on November 21, 2016 is yet another important article.

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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