Oshkosh Corporation (NYSE:OSK) saw a downside of -0.25% to close Friday at $98.89 after subtracting -$0.25 on the day. The 5-day average trading volume is 603,120 shares of the company’s common stock. It has gained $102.81 in the past week and touched a new high 1 time within the past 5 days. An average of 710,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 561,180.
OSK’s 1-month performance is 7.49% or $7.37 on its low of $88.94 reached on 07/27/23. The company’s shares have touched a 52-week low of $69.30 and high of $106.66, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, OSK has achieved 12.13% or $10.70 and has reached a new high 14 times. However, the current price is down -7.28% from the 52-week high price.
Insider Transactions
OSK stock investors last saw insider trading activity on Aug 07.Nerenhausen Frank R. (EVP & Pres. Access Segment) most recently sold 10,300 shares at $106.03 per share on Aug 07. This transaction cost the insider $1,092,109. SVP, Corp. Develop. & Strategy, Baab Jason P, sold 1,000 shares at a price of $89.00 on Feb 24.
Valuation Metrics
OSK stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.72 while the price-to-book (PB) in the most recent quarter is 1.90, with the price to cash flow ratio at 22.88.
Oshkosh Corporation’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.18, while the total debt to equity was 0.18. In terms of profitability, the gross margin trailing 12 months is 15.30%. The trailing 12-month EBITDA margin is 5.77% while for the period ending June 29, Oshkosh Corporation’s operating margin was 7.10%. The firm’s gross profit as reported stood at $1.05 billion against revenue of $8.28 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 84.63% to $175.0 million, while revenue of $88.5 million was 49.43% off the previous quarter. Analysts expected OSK to announce $1.62 per share in earnings in its latest quarter, but it posted $2.69, representing a 66.00% surprise. EBITDA for the quarter stood at more than $268.7 million. OSK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.65 billion, with total debt at $597.3 million. Shareholders hold equity totaling $65.3 million.
Let’s look briefly at Oshkosh Corporation (OSK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 47.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.70%.
The stock’s 5-day moving average is $100.12, reflecting a -4.63% or -$4.80 change from its current price. OSK is currently trading +8.85% above its 20-day SMA, +27.55% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.38% and SMA200 by+12.37%.
Stochastic %K and %D was 40.34% and 55.51% and the average true range (ATR) pointed at 2.29. The RSI (14) points at 55.83%, while the 14-day stochastic is at 12.32% with the period’s ATR at 2.31. The stock’s 9-day MACD Oscillator is pointing at -2.64 and -3.28 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Oshkosh Corporation (NYSE: OSK), Robert W. Baird upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for OSK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate OSK as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is OSK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $87.00 and a high of $137.00, with their median price target at $115.00. Looking at these predictions, the average price target given by analysts is for Oshkosh Corporation (OSK) stock is $113.33.
