OSI Systems’ (OSIS) Buy Rating Reaffirmed at Roth Capital
Roth Capital reaffirmed their buy rating on shares of OSI Systems, Inc. (NASDAQ:OSIS) in a report published on Tuesday morning. They currently have a $97.00 price objective on the technology company’s stock.
OSIS has been the subject of several other reports. BidaskClub raised OSI Systems from a hold rating to a buy rating in a research note on Thursday, August 10th. Zacks Investment Research raised OSI Systems from a hold rating to a buy rating and set a $89.00 price objective for the company in a research note on Thursday, June 8th. Sidoti initiated coverage on OSI Systems in a research note on Wednesday, May 24th. They issued a buy rating and a $99.00 price objective for the company. TheStreet raised OSI Systems from a c+ rating to a b- rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a buy rating on shares of OSI Systems in a research note on Thursday, June 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $90.71.
Shares of OSI Systems (NASDAQ:OSIS) traded up 0.47% during trading on Tuesday, reaching $83.45. The company’s stock had a trading volume of 96,278 shares. OSI Systems has a 12-month low of $62.22 and a 12-month high of $86.14. The company has a 50 day moving average of $80.09 and a 200-day moving average of $76.48. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 77.99 and a beta of 0.75.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 24th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.09. The business had revenue of $252.40 million during the quarter, compared to analyst estimates of $253.58 million. OSI Systems had a return on equity of 10.57% and a net margin of 2.19%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. Analysts forecast that OSI Systems will post $3.45 EPS for the current year.
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Several large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of OSI Systems during the first quarter worth about $110,000. Riverhead Capital Management LLC raised its stake in shares of OSI Systems by 95.8% in the second quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock worth $118,000 after buying an additional 766 shares in the last quarter. Advisor Group Inc. raised its stake in shares of OSI Systems by 6.9% in the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock worth $121,000 after buying an additional 104 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of OSI Systems by 138.6% in the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock worth $136,000 after buying an additional 1,085 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of OSI Systems by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 2,010 shares of the technology company’s stock worth $146,000 after buying an additional 60 shares in the last quarter.
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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