Oshkosh Corp (OSK) is Upgraded by BofA/Merrill to Buy

Oshkosh Corp (OSK) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 18, 2016.

Many Wall Street Analysts have commented on Oshkosh Corp. Company shares were Upgraded by RBC Capital Mkts on Jul 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 63 from a previous price target of $46 .Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $53 .Company shares were Reiterated by Barrington Research on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $54 .

On the company’s financial health, Oshkosh Corp reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $1747.50 million for the quarter, compared to analysts expectations of $1608.78 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.

Oshkosh Corp closed down -0.22 points or -0.41% at $53.32 with 5,40,084 shares getting traded on Wednesday. Post opening the session at $53.54, the shares hit an intraday low of $53.25 and an intraday high of $53.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 17, 2016, Gregory L Fredericksen (EVP & Chief Procurement Officr) sold 14,333 shares at $53.74 per share price. According to the SEC, on Aug 16, 2016, Richard G Sim (director) sold 4,325 shares at $53.98 per share price. On Aug 8, 2016, Marek W. May (Senior VP, Operations) sold 3,000 shares at $53.73 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.

Oshkosh Corp

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