Price Action To Observe: What’s in Oshkosh Corp After Achieving 52-Week High?

Price Action To Observe: What's in Oshkosh Corp After Achieving 52 Week High?

The stock of Oshkosh Corp (NYSE:OSK) hit a new 52-week high and has $73.34 target or 6.00% above today’s $69.19 share price. The 8 months bullish chart indicates low risk for the $5.18 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $73.34 price target is reached, the company will be worth $310.80 million 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 376,584 shares traded hands. Oshkosh Corp (NYSE:OSK) has risen 78.41% since April 25, 2016 and is uptrending. It has outperformed by 72.39% the S&P500.

Analysts await Oshkosh Corp (NYSE:OSK) to report earnings on January, 26 before the open. They expect $0.11 earnings per share, down 42.11% or $0.08 from last year’s $0.19 per share. OSK’s profit will be $8.24 million for 157.25 P/E if the $0.11 EPS becomes a reality. After $1.05 actual earnings per share 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 stock of Oshkosh Corp (NYSE:OSK) earned “Buy” rating by Deutsche Bank on Monday, September 26. The stock of Oshkosh Corp (NYSE:OSK) has “Buy” rating given on Thursday, August 18 by Bank of America. The stock of Oshkosh Corp (NYSE:OSK) has “Neutral” rating given on Tuesday, November 3 by SunTrust. The rating was upgraded by Jefferies to “Buy” on Thursday, August 27. Standpoint Research downgraded the shares of OSK in a report on Friday, April 29 to “Hold” rating. The stock has “Buy” rating given by Citigroup on Friday, April 29. The company was maintained on Monday, August 3 by RBC Capital Markets. Bank of America upgraded Oshkosh Corp (NYSE:OSK) on Friday, April 29 to “Neutral” rating. The stock has “Outperform” rating given by RBC Capital Markets on Friday, July 29. Standpoint Research upgraded the shares of OSK in a report on Wednesday, August 26 to “Hold” rating.

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 dropped, 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.
California Employees Retirement has invested 0.02% of its portfolio in Oshkosh Corp (NYSE:OSK). Moreover, Johnson Group Incorporated has 0.01% invested in Oshkosh Corp (NYSE:OSK) for 1,155 shares. Todd Asset accumulated 373,364 shares or 0.57% of the stock. Los Angeles Capital Mngmt And Equity holds 0% of its portfolio in Oshkosh Corp (NYSE:OSK) for 6,830 shares. The Missouri-based Eidelman Virant Capital has invested 0.5% in Oshkosh Corp (NYSE:OSK). Moreover, Denver Invest Advisors Lc has 0.04% invested in Oshkosh Corp (NYSE:OSK) for 18,287 shares. Archford Cap Strategies Limited, a Illinois-based fund reported 130 shares. Sii Investments Inc Wi has 12,707 shares for 0.05% of their US portfolio. Amalgamated Retail Bank last reported 9,893 shares in the company. Petrus Tru Lta has 6,292 shares for 0.07% of their US portfolio. Advisory Service Net Llc owns 42 shares or 0% of their US portfolio. Ameriprise Financial Inc accumulated 0.03% or 1.06M shares. Us Bank & Trust De has invested 0% of its portfolio in Oshkosh Corp (NYSE:OSK). Dynamic Cap Ltd accumulated 51,229 shares or 0.29% of the stock. Geode Capital Management Ltd Liability, a Massachusetts-based fund reported 470,468 shares.

Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 28 selling transactions for $14.15 million net activity. 6,700 Oshkosh Corp (NYSE:OSK) shares with value of $359,723 were sold by SIM RICHARD G. The insider Radue Mark M sold $170,341. The insider Grennier R Scott sold $54,775. Moynihan Colleen R. sold 5,200 shares worth $344,734. Messina Robert S sold $135,450 worth of stock or 2,500 shares. DONNELLY RICHARD M had sold 2,300 shares worth $146,625 on Thursday, November 10. Nerenhausen Frank R. had sold 5,000 shares worth $273,250.

More important recent Oshkosh Corp (NYSE:OSK) news were published by: Jsonline.com which released: “Oshkosh Corp. hosting job fair to hire 300 workers” on July 20, 2016, also Streetinsider.com published article titled: “Two Board Members to Retire from Oshkosh Corp. (OSK); Board Size Cut to 12”, Fox6now.com published: “Oshkosh Corp. receives $409 million order from U.S. Army” on September 29, 2016. More interesting news about Oshkosh Corp (NYSE:OSK) was released by: Jsonline.com and their article: “Oshkosh Corp. profit rises 22% on military business” with publication date: November 01, 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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