Are Oshkosh Corp (OSK) stocks a prudent buy?

Oshkosh Corp [OSK] stock is trading at $112.26, down -2.82%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OSK shares have gain 9.80% over the last week, with a monthly amount glided 12.37%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Oshkosh Corp [NYSE: OSK] stock has seen the most recent analyst activity on June 28, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $125. Previously, Citigroup started tracking the stock with Buy rating on June 26, 2024, and set its price target to $130. On March 14, 2024, Truist initiated with a Hold rating and assigned a price target of $121 on the stock. DA Davidson upgraded its rating to a Buy and increased its price target to $130 on March 01, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $102 as its price target on January 08, 2024. Evercore ISI upgraded its rating to Outperform for this stock on November 13, 2023, and upped its price target to $122. In a note dated October 13, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $110 to $115.

Oshkosh Corp [OSK] stock has fluctuated between $90.56 and $127.98 over the past year. Currently, Wall Street analysts expect the stock to reach $111.4 within the next 12 months. Oshkosh Corp [NYSE: OSK] shares were valued at $112.26 at the most recent close of the market. An investor can expect a potential drop of -0.77% based on the average OSK price forecast.

Analyzing the OSK fundamentals

Oshkosh Corp [NYSE:OSK] reported sales of 10.60B for the trailing twelve months, which represents a growth of 9.22%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.18 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 111.33 points at the first support level, and at 110.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.02, and for the 2nd resistance point, it is at 115.79.

Ratios To Look Out For

For context, Oshkosh Corp’s Current Ratio is 1.46. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 10.90.

Transactions by insiders

Recent insider trading involved Khare Anupam, SVP/Chief Information Officer, that happened on Feb 09 ’24 when 4234.0 shares were sold.

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