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Here's Why Oshkosh (OSK) is a Strong Value Stock

Zacks Equity Research
·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.

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Oshkosh (OSK)

Established in 1917, WI-based Oshkosh Corporation is a producer and seller of a varied range of vehicle bodies and specialty vehicles. It is also engaged in equipment financing and leasing solutions for its customers, primarily through third-party funding arrangements. Oshkosh has manufacturing operations in the United States, Australia, Canada, China, France, Mexico and the United Kingdom, apart from the seven states of the United States.

OSK boasts a Value Style Score of A and VGM Score of B, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Oshkosh are trading at a forward earnings multiple of 10.3X, as well as a PEG Ratio of 1.2, a Price/Cash Flow ratio of 9.1X, and a Price/Sales ratio of 0.8X.

Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.74 to $11.05 per share. OSK has an average earnings surprise of 39%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding OSK to their portfolios.

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Oshkosh Corporation (OSK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research