OSI Systems’ (OSIS) Buy Rating Reiterated at Jefferies Group

OSI Systems (NASDAQ:OSIS)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Monday, January 8th. They currently have a $79.00 price target on the technology company’s stock. Jefferies Group’s price target points to a potential upside of 10.23% from the company’s current price. Jefferies Group also issued estimates for OSI Systems’ FY2018 earnings at $3.40 EPS, FY2019 earnings at $3.65 EPS and FY2020 earnings at $4.05 EPS.

Several other research firms have also weighed in on OSIS. B. Riley reaffirmed a “buy” rating and set a $108.00 price objective on shares of OSI Systems in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, BidaskClub raised shares of OSI Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, January 6th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. OSI Systems presently has an average rating of “Hold” and a consensus target price of $91.40.

OSI Systems (NASDAQ OSIS) traded up $3.99 during midday trading on Monday, hitting $71.67. 1,137,722 shares of the stock traded hands, compared to its average volume of 352,390. The firm has a market capitalization of $1,283.79, a price-to-earnings ratio of 45.65, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43. OSI Systems has a 12 month low of $53.80 and a 12 month high of $96.64.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The company 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%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. research analysts expect that OSI Systems will post 3.47 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC increased its holdings 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 valued at $118,000 after purchasing an additional 766 shares in the last quarter. Advisor Group Inc. increased its holdings 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 valued at $121,000 after purchasing an additional 104 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of OSI Systems in the third quarter valued at approximately $165,000. Victory Capital Management Inc. increased its holdings in shares of OSI Systems by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,199 shares of the technology company’s stock valued at $165,000 after purchasing an additional 331 shares in the last quarter. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of OSI Systems in the third quarter valued at approximately $201,000.

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About OSI Systems

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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