Oshkosh (OSK) Postal Win Offers 10 Years of Recurring Profit, Jefferies Details Financial Impact

February 24, 2021 9:22 AM EST
Get Alerts OSK Hot Sheet
Price: $121.60 -0.02%

Rating Summary:
    18 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 11 | New: 73
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Jefferies analyst Stephen Volkmann reiterated a Buy rating and $125.00 price target on Oshkosh (NYSE: OSK) after the US Postal Service awarded its Next Generation Delivery Vehicle Contract to Oshkosh.

The analyst stated "OSK has received a $482mn development contract and will ultimately produce 50K-165K vehicles. Financial details are scarce but we see the contract adding at least $0.25/year to EPS for 10-20 years, although full ramp is unlikely before 2024. The contact lowers OSK's Defense mix and increases its EV exposure, both positive for valuation, in our view".

For an analyst ratings summary and ratings history on Oshkosh click here. For more ratings news on Oshkosh click here.

Shares of Oshkosh closed at $116.30 yesterday.

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