Oshkosh Corporation (OSK) : Analyst Rating Update

Oshkosh Corporation (OSK) : 6 brokerage houses believe that Oshkosh Corporation (OSK) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Oshkosh Corporation (OSK). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.7.

Oshkosh Corporation (OSK) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $56 and the lowest price target forecast is $42. The average forecast of all the analysts is $52.22 and the expected standard deviation is $4.35.

Oshkosh Corporation (NYSE:OSK): The stock opened at $46.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $46.19 for the day. The stock traded down to $45.19 during the day, due to lack of any buying support eventually closed down at $46.06 with a loss of -0.71% for the day. The stock had closed at $46.39 on the previous day. The total traded volume was 856,755 shares.

Also, Citigroup maintains its view on Oshkosh Corporation (NYSE:OSK) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $38 per share to $55 per share on Oshkosh Corporation. The rating by the firm was issued on April 29, 2016. The company shares have rallied 15.66% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $55.42 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $46.27 and the 200 Day Moving Average price is recorded at $40.04.

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The companys brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London. The Company operates through four segments: Access equipment, Defense, Fire & emergency and Commercial. The Access equipment segment provides aerial work platforms and telehandlers to position workers and materials at elevated heights. The Defense segment provides supply parts and services and wheeled vehicles. The Fire & Emergency segment manufactures and markets commercial and custom fire vehicles, simulators and emergency vehicles. The Commercial segment manufactures, markets and distributes concrete mixers, portable concrete batch plants, and vehicle and vehicle body components.

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