Key Takeaways:
- Oshkosh Corp. (OSK, Financial) receives an upgrade from Hold to Buy by Truist Securities analysts.
- A significant backlog in high-margin segments, valued at $14.6 billion, underpins the bullish outlook.
- The stock's upside potential is reinforced by an average price target of $109.19, suggesting a 6.66% increase.
Oshkosh Corp. Stock Upgrade: A Closer Look
Oshkosh Corp. (OSK) recently experienced a notable upgrade in its stock rating from Hold to Buy, driven by Truist Securities analysts. This positive shift was propelled by the company’s attractive low valuation and a substantial $14.6 billion backlog concentrated in high-margin segments like the Vocational segment. Following the upgrade, the stock ascended by 4.3%, showcasing renewed investor confidence.
Wall Street Analysts' Projections
Analyst insights provide compelling future prospects for Oshkosh Corp. (OSK, Financial). Based on projections from 14 analysts, the average one-year price target is set at $109.19. Estimates range from a high of $137.00 to a low of $90.00. This average target indicates a potential upside of 6.66% from the current trading price of $102.38. Investors can explore in-depth estimate data on the Oshkosh Corp (OSK) Forecast page.
Brokerage Recommendations and GF Value
The consensus among 16 brokerage firms rates Oshkosh Corp.'s (OSK, Financial) performance at 2.4, which translates to an "Outperform" recommendation. This rating is part of a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates Sell.
GuruFocus estimates project the GF Value for Oshkosh Corp. (OSK, Financial) at $113.68 in one year, suggesting a favorable upside of 11.04% from the current price of $102.38. The GF Value represents GuruFocus's assessment of the stock's fair trading value, calculated from historical multiples, past business growth, and future performance forecasts. For a comprehensive view, visit the Oshkosh Corp (OSK) Summary page.
In conclusion, the recent upgrade and substantial backlog highlight Oshkosh Corp.'s promising future, making it a stock worth considering for potential growth in your investment portfolio.
