Citigroup Maintains Oshkosh Corp to Buy with Price Target $62.00

Brokerage firm Citigroup Maintains its rating on Oshkosh Corp(NYSE:OSK). In a research note issued to the investors, the brokerage major Raises the price-target to $62.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, RBC Capital said it Upgrades its rating on Oshkosh Corp. The shares have been rated ‘Outperform’ by the firm. On Jul 15, 2016, Jefferies said it Maintains its rating on Oshkosh Corp. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Buy’ by the firm.

Oshkosh Corp (OSK) made into the market gainers list on Mondays trading session with the shares advancing 0.06% or 0.03 points. Due to strong positive momentum, the stock ended at $53.87, which is also near the day’s high of $54.29. The stock began the session at $54.02 and the volume stood at 5,15,174 shares. The 52-week high of the shares is $55.6299 and the 52 week low is $29.59. The company has a current market capitalization of $3,959 M and it has 7,34,84,583 shares in outstanding.

Oshkosh Corp has also declared a cash dividend of $0.1900 on Jul 28, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed on Aug 15, 2016. The dividend payable date has been fixed on Aug 29, 2016.

Oshkosh Corp(OSK) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.75B. Analysts had an estimated revenue of $1.61B. Earnings per share were $1.13. Analysts had estimated an EPS of $1.00.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Richard M Donnelly (director) sold 900 shares at $45.39 per share price.Also, On May 4, 2016, Marek W. May (Senior VP, Operations) sold 1,667 shares at $47.43 per share price.On Nov 20, 2015, Colleen R. Moynihan (Senior VP, Quality & Cont Impr) sold 10,808 shares at $42.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Oshkosh Corporation is a designer manufacturer 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 segments are Access Equipment Defense Fire & Emergency and Commercial. The Access equipment segment offers aerial work platforms and telehandlers used in construction agricultural industrial institutional and general maintenance applications. The Defense segment offers tactical trucks trailers and supply parts and services sold to the United States military. The Fire & emergency segment offers custom and commercial firefighting vehicles and equipment aircraft rescue and firefighting (ARFF) vehicles snow removal vehicles simulators and other emergency vehicles. The Commercial segment offers concrete mixers refuse collection vehicles portable and stationary concrete batch plants and vehicle components.

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