Oshkosh Corp (OSK) is Upgraded by RBC Capital Mkts to Outperform, Raises Price Target to $ 63

Oshkosh Corp (OSK) was Upgraded by RBC Capital Mkts to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 63 from a previous price target of $46 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Oshkosh Corp. Oshkosh Corp was Initiated by Macquarie to “Neutral” on May 23, 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 $50.4 and hit $54.03 on the upside on Thursday, eventually ending the session at $53.65, with a gain of 9.94% or 4.85 points. The heightened volatility saw the trading volume jump to 20,30,433 shares. Company has a market cap of $3,936 M.

In a different news, on May 23, 2016, Richard M Donnelly (director) sold 900 shares at $45.39 per share price. According to the SEC, on May 4, 2016, Marek W. May (Senior VP, Operations) sold 1,667 shares at $47.43 per share price. On Nov 20, 2015, Colleen R. Moynihan (Senior VP, Quality & Cont Impr) sold 10,808 shares at $42.37 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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