The stock of Oshkosh Corp (NYSE:OSK) reached all time high today, Nov, 30 and still has $72.26 target or 3.00% above today’s $70.16 share price. This indicates more upside for the $5.27 billion company. This technical setup was reported by Barchart.com. If the $72.26 PT is reached, the company will be worth $158.10M 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 233,929 shares traded hands. Oshkosh Corp (NYSE:OSK) has risen 66.72% since April 27, 2016 and is uptrending. It has outperformed by 61.50% 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 $8.26 million for 159.45 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. Jefferies upgraded the shares of OSK in a report on Thursday, August 27 to “Buy” rating. Standpoint Research upgraded Oshkosh Corp (NYSE:OSK) rating on Wednesday, August 26. Standpoint Research has “Hold” rating and $52.0 price target. The firm earned “Neutral” rating on Monday, September 26 by Macquarie Research. The firm has “Neutral” rating by Suntrust Robinson given on Tuesday, November 3. The firm has “Sector Perform” rating given on Monday, August 3 by RBC Capital Markets. The firm has “Neutral” rating given on Thursday, November 17 by Bank of America. On Monday, September 26 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Neutral” rating given by Bank of America on Friday, April 29. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. Standpoint Research downgraded Oshkosh Corp (NYSE:OSK) on Friday, April 29 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.
Mairs And Power Incorporated accumulated 188,140 shares or 0.12% of the stock. Moreover, Blackrock Mngmt Ltd Liability Corp has 0.01% invested in Oshkosh Corp (NYSE:OSK) for 216,196 shares. Huntington Savings Bank last reported 0% of its portfolio in the stock. Barclays Public Limited Co has invested 0% of its portfolio in Oshkosh Corp (NYSE:OSK). Capstone Asset Management Com holds 0.01% or 8,172 shares in its portfolio. Sei Invests holds 0.01% of its portfolio in Oshkosh Corp (NYSE:OSK) for 35,614 shares. Massmutual Trust Fsb Adv last reported 11,870 shares in the company. Credit Suisse Ag owns 84,515 shares or 0% of their US portfolio. Guggenheim Capital Ltd Liability holds 0.04% or 271,474 shares in its portfolio. The Ohio-based Opus Cap Limited Liability Corporation has invested 0.81% in Oshkosh Corp (NYSE:OSK). Swiss Bancorp has 122,600 shares for 0.01% of their US portfolio. Rhumbline Advisers accumulated 119,309 shares or 0.02% of the stock. The Minnesota-based Ameriprise Finance has invested 0.03% in Oshkosh Corp (NYSE:OSK). Wilen Mgmt Corporation, a Florida-based fund reported 4,700 shares. Qs Ltd Limited Liability Company holds 0% of its portfolio in Oshkosh Corp (NYSE:OSK) for 7 shares.
Insider Transactions: Since August 1, 2016, the stock had 0 insider buys, and 29 insider sales for $14.83 million net activity. Grennier R Scott had sold 876 shares worth $53,164. KIMMITT JOSEPH H also sold $3.05M worth of Oshkosh Corp (NYSE:OSK) shares. $233,464 worth of Oshkosh Corp (NYSE:OSK) was sold by SIM RICHARD G. May Marek W. had sold 3,000 shares worth $161,190. Shares for $295,981 were sold by Johnson James W. on Thursday, November 10. DONNELLY RICHARD M sold $146,625 worth of stock or 2,300 shares. Shares for $170,341 were sold by Radue Mark M on Tuesday, August 30.
More important 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 Fox6now.com published article titled: “Oshkosh Corp. receives $409 million order from U.S. Army”, 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: “Two Board Members to Retire from Oshkosh Corp. (OSK); Board Size Cut to 12” with publication date: November 22, 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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