Stock of the Day

October 25, 2021

Oshkosh (OSK)

$128.71
+$1.14 (+0.9%)
Market Cap: $7.88B

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts. The Defense segment engages in the manufacture and sale of heavy, medium, and light tactical wheeled vehicles and related services for department of defense. Its Vocational segment offers custom and commercial firefighting equipment, fire apparatus, and emergency vehicles, including pumpers, aerial platform, ladder and tiller trucks, and tankers; light, medium, and heavy-duty rescue vehicles; and wildland rough terrain response, bomb squad, hazardous materials control vehicles, mobile command and control centers, and other emergency response vehicles. Additionally, this segment produces and sells custom and commercial firefighting vehicles, as well as command vehicles, ARFF vehicles; design and manufacture refuse collection vehicles for waste services industry; front discharge concrete mixers for the concrete ready-mix industry; and field service vehicles and truck-mounted cranes for construction, equipment dealer, building supply, utility, tire service, railroad, and mining industries. Further, the company provides its products through direct sales representatives, dealers, and distributors. Oshkosh Corporation was formerly known as Oshkosh Truck Corporation. The company was founded in 1917 and is headquartered in Oshkosh, Wisconsin.

Today's Trend

Oshkosh Corporation (NYSE: OSK) has received a positive near-term catalyst from a new international defense order, although a lower price target from Truist may temper investor enthusiasm. The company’s shares have recently been under pressure, making the order and bullish valuation commentary particularly relevant.

  • Morocco places follow-on defense order: Oshkosh Defense received an order for 50 HET A1 tractors and 50 MN573 heavy-duty trailers for the Royal Moroccan Armed Forces, along with parts, services and training. The second Direct Commercial Sales order reinforces demand for Oshkosh’s defense products and expands its international backlog. Financial terms were not disclosed. Oshkosh Defense Receives Follow-On Order from Morocco for HET A1 Tractors and Trailers
  • Defense contract supports sentiment: Multiple reports linked the Morocco order to an increase in OSK shares, suggesting investors viewed the award as evidence of continuing defense-sector momentum and potential future revenue. Oshkosh Defense wins second military transport order for Morocco
  • Valuation-focused analysts remain bullish: A Seeking Alpha analysis upgraded Oshkosh to “Strong Buy,” citing its discounted valuation, revenue growth and potential for adjusted EPS to reach $18–$22 by 2028. That outlook implies substantial upside if management executes, despite recent share underperformance and operating challenges. Oshkosh Corporation Has Become Irresistible After Its Plunge Lower
  • Truist lowers its price target but retains a Buy rating: Truist reduced its target to $174 from $196, signaling less expected upside than previously forecast while maintaining a constructive view on OSK. The target remains above the recent trading range, limiting the negative impact of the revision. Truist Cuts Price Target on Oshkosh to $174 From $196, Keeps Buy Rating
← Previous Stock of the DayNext Stock of the Day →

Recent News