Oshkosh Corp (OSK) is Upgraded by JP Morgan to Overweight

Oshkosh Corp (OSK) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Sep 26, 2016.

Many Wall Street Analysts have commented on Oshkosh Corp. Oshkosh Corp was Upgraded by Credit Suisse to ” Neutral” on Sep 26, 2016. Deutsche Bank Initiated Oshkosh Corp on Sep 7, 2016 to “Buy”, Price Target of the shares are set at $62.Oshkosh Corp was Upgraded by BofA/Merrill to ” Buy” on Aug 18, 2016.

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 opened for trading at $57.16 and hit $57.239 on the upside on Thursday, eventually ending the session at $56.9, with a gain of 1.01% or 0.57 points. The heightened volatility saw the trading volume jump to 6,34,087 shares. Company has a market cap of $4,181 M.

In a different news, on Sep 1, 2016, Mark M Radue (Senior VP Business Development) sold 3,133 shares at $54.37 per share price. According to the SEC, 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.

Oshkosh Corp

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