Jefferies Believes Oshkosh (OSK) Still Has Room to Grow


In a report released yesterday, Stephen Volkmann from Jefferies maintained a Buy rating on Oshkosh (OSK), with a price target of $150.00. The company’s shares closed last Wednesday at $128.35, close to its 52-week high of $130.02.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 27.2% and a 75.1% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Ingersoll Rand, Cummins, and Eaton.

Currently, the analyst consensus on Oshkosh is a Strong Buy with an average price target of $138.83, implying a 9.1% upside from current levels. In a report issued on April 13, Deutsche Bank also maintained a Buy rating on the stock with a $135.00 price target.

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Based on Oshkosh’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.58 billion and net profit of $69.5 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $75.7 million.

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OSK in relation to earlier this year. Most recently, in February 2021, Wilson Jones, the CEO of OSK sold 89,575 shares for a total of $8,695,941.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Oshkosh Corp. engages in the design, manufacture, and market of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment; Defense; Fire and Emergency; and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms; and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights. The Defense segment produces tactical wheeled vehicles; and supply parts and services for the United States military and other militaries around the world. The Fire and Emergency segment sells commercial and custom fire vehicles; simulators and emergency vehicles primarily for fire departments, airports and other governmental units; and broadcast vehicles for broadcasters and television stations. The Commercial segment includes McNeilus, CON-E-CO, London, Iowa Mold Tooling Co., Inc (IMT), and Oshkosh Commercial. The company was founded in 1917 and is headquartered in Oshkosh, WI.

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