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Investing.com - Raymond (NSE:RYMD) James raised its price target on Oshkosh (NYSE:OSK) to $155.00 from $130.00 on Monday, while maintaining an Outperform rating on the specialty vehicle manufacturer. The stock, currently trading near its 52-week high at $136.13, appears slightly undervalued according to InvestingPro analysis.
The price target increase follows Oshkosh’s second-quarter earnings report, which showed adjusted earnings per share of $3.41, exceeding Raymond James’ expectations with performance improvements across all operating segments. The company maintains strong fundamentals with a P/E ratio of 13.6x and trailing twelve-month revenue of $10.38 billion.
Oshkosh has raised its full-year EPS guidance to approximately $11.00, partly reflecting a less severe tariff cost headwind than previously anticipated, prompting Raymond James to increase its 2025 cash EPS estimate to $11.20. InvestingPro data shows 4 analysts have revised their earnings upward for the upcoming period, and the company maintains a "GREAT" overall financial health score.
The investment firm projects all of Oshkosh’s operating segments will grow both sales and EBIT year-over-year in 2026, with EPS growing by approximately 20% to $13.25.
Raymond James cited Oshkosh’s "differentiated growth angle" in its analysis, noting potential for nearly doubling EPS by 2028, supported by benefits from its growing Vocational segment and a bottoming Defense business that should help offset cyclical concerns in the company’s largest business segment, Access.
In other recent news, Oshkosh Corporation reported impressive financial results for the second quarter of 2025, surpassing both earnings and revenue expectations. The company achieved an adjusted earnings per share of $3.41, significantly exceeding the anticipated $2.94, representing a 15.99% surprise. Revenue reached $2.73 billion, surpassing the forecast of $2.66 billion. Following these results, KeyBanc reiterated its Overweight rating for Oshkosh, maintaining a price target of $140.00. The firm expressed confidence in Oshkosh’s progress toward its 2028 targets, citing the company’s quarterly earnings beat and guidance increase to $11.00. Bernstein SocGen Group also raised its price target on Oshkosh from $126.00 to $132.00, while maintaining a Market Perform rating. This price target adjustment was made in response to Oshkosh’s strong earnings performance, which exceeded consensus estimates by 16%. These developments highlight the positive outlook for Oshkosh in the eyes of analysts.
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