KeyBanc Believes Oshkosh Corp (NYSE: OSK) Won’t Stop Here

By Ryan Adsit

KeyBanc analyst Steve Barger reiterated a Buy rating on Oshkosh Corp (NYSE: OSK) on September 15 and set a price target of $85. The company’s shares closed on Friday at $77.13, close to its 52-week high of $77.22.

According to TipRanks.com, Barger is a 5-star analyst with an average return of 18.4% and a 64.0% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Federal Signal Corp, and Freightcar America.

Currently, the analyst consensus on Oshkosh Corp is Strong Buy and the average price target is $82.50, representing a 7.0% upside.

In a report issued on September 6, Jefferies also reiterated a Buy rating on the stock with a $85 price target.

Based on Oshkosh Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.04 billion and quarterly net profit of $129 million. In comparison, last year the company earned revenue of $1.75 billion and had a net profit of $84.2 million.

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. Last month, Scott Grennier, the SVP & Treasurer of OSK sold 4,883 shares for a total of $363,293.

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Oshkosh Corp. designs, manufactures and markets of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment also includes Jerr-Dan-branded tow trucks and roll-back vehicle carriers sold to towing companies in the U. S. and abroad.