Brokerages Set OSI Systems Inc. (OSIS) Price Target at $74.80
OSI Systems Inc. (NASDAQ:OSIS) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the company. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $77.33.
OSIS has been the topic of several research reports. B. Riley reaffirmed a “buy” rating and set a $65.00 price target on shares of OSI Systems in a research note on Friday, August 12th. Benchmark Co. upped their price target on OSI Systems from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Zacks Investment Research lowered OSI Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 19th.
In related news, Director Steven C. Good sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $63.35, for a total value of $190,050.00. Following the completion of the sale, the director now owns 23,725 shares in the company, valued at $1,502,978.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.50% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Janus Capital Management LLC increased its stake in OSI Systems by 5.5% in the second quarter. Janus Capital Management LLC now owns 1,586,759 shares of the company’s stock worth $92,238,000 after buying an additional 82,871 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of OSI Systems by 9.6% in the third quarter. BlackRock Fund Advisors now owns 1,213,852 shares of the company’s stock valued at $79,362,000 after buying an additional 106,576 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of OSI Systems by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 973,450 shares of the company’s stock valued at $56,585,000 after buying an additional 3,067 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of OSI Systems by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 460,190 shares of the company’s stock valued at $30,087,000 after buying an additional 2,291 shares during the period. Finally, Credit Suisse AG increased its stake in shares of OSI Systems by 7.6% in the third quarter. Credit Suisse AG now owns 445,889 shares of the company’s stock valued at $29,152,000 after buying an additional 31,578 shares during the period. Institutional investors and hedge funds own 92.47% of the company’s stock.
Shares of OSI Systems (NASDAQ:OSIS) opened at 75.51 on Wednesday. OSI Systems has a 52 week low of $48.19 and a 52 week high of $96.75. The company has a 50-day moving average price of $68.57 and a 200 day moving average price of $61.18. The stock has a market capitalization of $1.44 billion, a P/E ratio of 94.62 and a beta of 0.77.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The company had revenue of $220.05 million for the quarter, compared to analyst estimates of $191.54 million. OSI Systems had a return on equity of 7.36% and a net margin of 1.88%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Analysts forecast that OSI Systems will post $2.85 earnings per share for the current fiscal year.
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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