OSI Systems, Inc. (OSIS) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of OSI Systems, Inc. (NASDAQ:OSIS) from a hold rating to a buy rating in a research note released on Tuesday. Zacks Investment Research currently has $102.00 price objective on the technology company’s stock.
According to Zacks, “OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. Their Research and Development teams are focused on expanding and enhancing their product portfolios and delivering breakthrough technology solutions and are making technological advances designed to keep pace with their rapidly changing marketplace. They have three operating divisions: Security division, Healthcare division & Optoelectronics & Manufacturing division. “
A number of other research analysts have also issued reports on the stock. Roth Capital reissued a buy rating and set a $97.00 target price on shares of OSI Systems in a research note on Tuesday, August 29th. BidaskClub upgraded shares of OSI Systems from a sell rating to a hold rating in a research report on Wednesday, July 12th. TheStreet upgraded shares of OSI Systems from a c+ rating to a b- rating in a research report on Thursday, August 10th. Jefferies Group LLC boosted their price target on shares of OSI Systems from $85.00 to $93.00 and gave the stock a buy rating in a research report on Friday, August 25th. Finally, B. Riley restated a buy rating and set a $108.00 price target on shares of OSI Systems in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. OSI Systems presently has a consensus rating of Buy and an average price target of $98.17.
OSI Systems (NASDAQ OSIS) traded up $1.31 on Tuesday, reaching $89.89. The company had a trading volume of 107,596 shares, compared to its average volume of 193,442. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 1.52. The firm has a market capitalization of $1.70 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77.
OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.08. The firm had revenue of $257.13 million during the quarter, compared to analyst estimates of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. OSI Systems’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. equities analysts anticipate that OSI Systems will post 3.47 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in OSIS. Riverhead Capital Management LLC raised its holdings in shares of OSI Systems by 95.8% during the second quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock valued at $118,000 after acquiring an additional 766 shares during the period. Advisor Group Inc. raised its holdings in shares of OSI Systems by 6.9% during the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after acquiring an additional 104 shares during the period. Victory Capital Management Inc. raised its holdings in shares of OSI Systems by 138.6% during the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock valued at $136,000 after acquiring an additional 1,085 shares during the period. Nine Chapters Capital Management LLC acquired a new stake in shares of OSI Systems during the third quarter valued at approximately $201,000. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of OSI Systems during the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 99.66% of the company’s stock.
OSI Systems Company Profile
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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