OSI Systems, Inc. (OSIS) Price Target Increased to $93.00 by Analysts at Jefferies Group LLC
OSI Systems, Inc. (NASDAQ:OSIS) had its price objective upped by Jefferies Group LLC from $85.00 to $93.00 in a research note issued to investors on Friday morning. The firm currently has a buy rating on the technology company’s stock. Jefferies Group also issued estimates for OSI Systems’ Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.97 EPS, FY2018 earnings at $3.40 EPS, FY2019 earnings at $4.30 EPS and FY2020 earnings at $4.60 EPS.
A number of other research firms have also recently issued reports on OSIS. TheStreet raised shares of OSI Systems from a c+ rating to a b- rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of OSI Systems from a buy rating to a hold rating in a research note on Tuesday, June 6th. BidaskClub raised shares of OSI Systems from a hold rating to a buy rating in a research note on Thursday, August 10th. B. Riley reissued a buy rating and issued a $92.00 price target (up previously from $87.00) on shares of OSI Systems in a research note on Tuesday. Finally, Sidoti assumed coverage on shares of OSI Systems in a research note on Wednesday, May 24th. They issued a buy rating and a $99.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $89.67.
OSI Systems (NASDAQ OSIS) traded up 5.81% during mid-day trading on Friday, reaching $83.83. 806,291 shares of the company’s stock traded hands. The company has a market cap of $1.63 billion, a P/E ratio of 78.35 and a beta of 0.79. The stock has a 50 day moving average of $79.23 and a 200 day moving average of $76.22. OSI Systems has a 12-month low of $62.22 and a 12-month high of $86.14.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, August 24th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. OSI Systems had a net margin of 2.19% and a return on equity of 10.68%. The firm had revenue of $252.40 million for the quarter, compared to analysts’ expectations of $253.58 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities research analysts predict that OSI Systems will post $3.39 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of OSI Systems during the second quarter valued at about $356,000. Verition Fund Management LLC boosted its stake in shares of OSI Systems by 50.5% in the second quarter. Verition Fund Management LLC now owns 5,547 shares of the technology company’s stock valued at $417,000 after buying an additional 1,862 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of OSI Systems during the second quarter valued at about $288,000. Westwood Holdings Group Inc. boosted its stake in shares of OSI Systems by 3.1% in the second quarter. Westwood Holdings Group Inc. now owns 601,321 shares of the technology company’s stock valued at $45,282,000 after buying an additional 18,192 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of OSI Systems by 1.6% in the second quarter. Earnest Partners LLC now owns 966,833 shares of the technology company’s stock valued at $72,657,000 after buying an additional 15,222 shares during the period.
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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