Oshkosh Corporation (OSK): Today's Featured Automotive Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Oshkosh Corporation ( OSK) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Oshkosh Corporation fell $0.67 (-1.7%) to $38.42 on average volume. Throughout the day, 721,163 shares of Oshkosh Corporation exchanged hands as compared to its average daily volume of 892,500 shares. The stock ranged in price between $38.14-$39.29 after having opened the day at $39.17 as compared to the previous trading day's close of $39.09. Other companies within the Automotive industry that declined today were: Quantum Fuel Systems Technologies Worldwide ( QTWW), down 4.6%, Hyster-Yale Materials Handling ( HY), down 2.5%, China Automotive Systems ( CAAS), down 1.8% and Navistar International ( NAV), down 1.7%.
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Oshkosh Corporation designs, manufactures, and markets a range of specialty vehicles and vehicle bodies worldwide. Oshkosh Corporation has a market cap of $3.5 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 31.8% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Oshkosh Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Oshkosh Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Tesla Motors ( TSLA), down 10.6%, SORL Auto Parts ( SORL), down 6.6%, Stoneridge ( SRI), down 4.8% and Orbital Corporation ( OBT), down 3.3%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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