JP Morgan Upgrades Oshkosh Corp to Overweight

Brokerage firm JP Morgan Upgrades its rating on Oshkosh Corp(NYSE:OSK). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Sep 26, 2016.

In a different note, Deutsche Bank said it Initiates Coverage on Oshkosh Corp, according to a research note issued on Sep 7, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 18, 2016, Bank of America said it Upgrades its rating on Oshkosh Corp. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Citigroup said it Maintains its rating on Oshkosh Corp. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Buy’ by the firm. 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 Thursdays trading session with the shares advancing 1.01% or 0.57 points. Due to strong positive momentum, the stock ended at $56.9, which is also near the day’s high of $57.239. The stock began the session at $57.16 and the volume stood at 6,34,087 shares. The 52-week high of the shares is $57.75 and the 52 week low is $29.59. The company has a current market capitalization of $4,181 M and it has 7,34,84,583 shares in outstanding.

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 Sep 1, 2016, Mark M Radue (Senior VP Business Development) sold 3,133 shares at $54.37 per share price.Also, On Aug 30, 2016, R Scott Grennier (Senior VP and Treasurer) sold 1,000 shares at $54.78 per share price.On Aug 23, 2016, Robert S Messina (Senior VP, Engineering & Tech.) sold 2,500 shares at $54.18 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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