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Investing.com - KeyBanc has reiterated its Overweight rating and $140.00 price target on Oshkosh (NYSE:OSK) following the company’s second-quarter results. The stock, currently trading at $136.08, is near its 52-week high of $133.86, reflecting strong momentum with a 38.7% year-to-date return. According to InvestingPro analysis, the company maintains a "GREAT" financial health score of 3.02.
The firm expressed confidence in Oshkosh’s progress toward its 2028 targets, noting that shares performed positively despite challenging market conditions after the company’s quarterly earnings beat and guidance increase to $11.00, which removed a previously anticipated $0.50 tariff impact. With a P/E ratio of 13.54 and robust last twelve months revenue of $10.38 billion, Oshkosh demonstrates solid fundamental strength. InvestingPro subscribers can access detailed financial analysis and 10+ additional ProTips about Oshkosh’s performance and outlook.
KeyBanc highlighted strength in Oshkosh’s Access segment, where the company demonstrated confidence in its backlog, margin performance, and overall market conditions despite near-term concerns, with expectations that 2026 will be a growth year following this year’s projected mid-teens percentage revenue decline.
In the Transport segment, KeyBanc noted that the Next (LON:NXT) Generation Delivery Vehicle (NGDV) program is ramping up, with Oshkosh signing new contracts for Family of Medium Tactical Vehicles (FMTV) and Family of Heavy Tactical Vehicles (FHTV), which is expected to drive continued margin expansion as revenue recovers.
The Vocational segment continues to increase capacity to meet strong demand, evidenced by backlog growth, with KeyBanc expecting margin improvements from absorption and pricing as the company makes steady progress across all three business segments. The company has maintained dividend payments for 13 consecutive years, with a current yield of 1.56%. For comprehensive insights into Oshkosh’s valuation and growth potential, access the full Pro Research Report available on InvestingPro.
In other recent news, Oshkosh Corporation reported impressive financial results for the second quarter of 2025. The company achieved an adjusted earnings per share of $3.41, surpassing analysts’ expectations of $2.94 by approximately 16%. Revenue for the quarter reached $2.73 billion, which exceeded the anticipated $2.66 billion. These strong earnings and revenue figures have drawn positive attention from analysts and investors alike. Bernstein SocGen Group responded to Oshkosh’s robust performance by raising its price target for the company to $132 from $126, while maintaining a Market Perform rating. The adjustment in the price target reflects confidence in Oshkosh’s financial health following the earnings announcement. These developments underscore Oshkosh’s ability to outperform market forecasts and maintain investor interest.
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