Standpoint Research Starts Oshkosh (OSK) at Buy
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Price: $154.62 -3.36%
Rating Summary:
20 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
20 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Standpoint Research initiates coverage on Oshkosh (NYSE: OSK) with a Buy. PT $24.00.
The firm states, "OSK shares were washed out and oversold on fears of how government spending cuts would impact OSK. More than two-thirds of OSK revenue comes from the government. In the last week estimates for 2012 EPS have come down from $3.53 to $2.24 leaving OSK at 8X forward estimates. Revenue estimates are for $7.6 bln leaving OSK market capitalization at 0.2X sales. OSK revenues last year were $9.8 bln."
For more ratings news on Oshkosh click here and for the rating history of Oshkosh click here.
Shares of Oshkosh closed at $17.21 yesterday.
The firm states, "OSK shares were washed out and oversold on fears of how government spending cuts would impact OSK. More than two-thirds of OSK revenue comes from the government. In the last week estimates for 2012 EPS have come down from $3.53 to $2.24 leaving OSK at 8X forward estimates. Revenue estimates are for $7.6 bln leaving OSK market capitalization at 0.2X sales. OSK revenues last year were $9.8 bln."
For more ratings news on Oshkosh click here and for the rating history of Oshkosh click here.
Shares of Oshkosh closed at $17.21 yesterday.
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