Oshkosh Corporation (OSK) has risen sharply, recording gains of 10.65% in the past 4 weeks. However, the stock has corrected -2.27% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.96% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Oshkosh Corporation (NYSE:OSK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.73 and $53.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.84, notching a gain of 0.45% for the day. The total traded volume was 700,480 . The stock had closed at $53.60 on the previous day.
The stock has recorded a 20-day Moving Average of 7.4% and the 50-Day Moving Average is 12.35%. Oshkosh Corporation is up 16.69% in the last 3-month period. Year-to-Date the stock performance stands at 39.33%.
Oshkosh Corporation (OSK) : 9 investment research analysts covering Oshkosh Corporation (OSK) have an average price target of $60.78 for the near short term. The highest target price given by the Brokerage Firm to the stock is $65 and the lowest target is $57 for the short term. Analysts expect the variance to be within $2.64 of the average price.
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.