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.
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.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/osi-systems-osis-receives-buy-rating-from-jefferies-group/1821566.html.
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.
Receive News & Ratings for OSI Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems and related companies with MarketBeat.com's FREE daily email newsletter.