Benchmark Co. Reiterates “Buy” Rating for OSI Systems Inc. (OSIS)
OSI Systems Inc. (NASDAQ:OSIS)‘s stock had its “buy” rating reissued by stock analysts at Benchmark Co. in a note issued to investors on Monday. They presently have a $75.00 target price on the stock. Benchmark Co.’s price objective would suggest a potential upside of 13.65% from the stock’s current price.
Several other research firms have also recently weighed in on OSIS. B. Riley reissued a “buy” rating and issued a $66.50 price objective on shares of OSI Systems in a research report on Monday, August 22nd. Zacks Investment Research raised OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Wednesday, June 29th. Roth Capital reissued a “buy” rating on shares of OSI Systems in a research report on Sunday, June 26th. Finally, CJS Securities assumed coverage on OSI Systems in a research report on Tuesday, June 14th. They issued a “market outperform” rating and a $68.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of $74.67.
Shares of OSI Systems (NASDAQ:OSIS) opened at 65.99 on Monday. The stock’s 50 day moving average price is $66.12 and its 200 day moving average price is $59.48. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 50.76 and a beta of 1.18. OSI Systems has a 12-month low of $48.19 and a 12-month high of $96.75.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. OSI Systems had a return on equity of 7.69% and a net margin of 3.15%. The business had revenue of $221.47 million for the quarter, compared to analysts’ expectations of $232.32 million. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The business’s revenue was down 16.9% on a year-over-year basis. Equities research analysts expect that OSI Systems will post $2.64 earnings per share for the current year.
In related news, Director Steven C. Good sold 3,000 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $63.35, for a total transaction of $190,050.00. Following the sale, the director now directly owns 23,725 shares in the company, valued at approximately $1,502,978.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in OSIS. Nisa Investment Advisors L.L.C. raised its stake in OSI Systems by 203.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 8,200 shares of the company’s stock worth $537,000 after buying an additional 5,500 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in OSI Systems during the first quarter worth about $470,000. Teachers Advisors Inc. raised its stake in OSI Systems by 1.9% in the first quarter. Teachers Advisors Inc. now owns 29,570 shares of the company’s stock worth $1,937,000 after buying an additional 542 shares during the last quarter. Prudential Financial Inc. raised its stake in OSI Systems by 1.9% in the first quarter. Prudential Financial Inc. now owns 47,609 shares of the company’s stock worth $3,118,000 after buying an additional 900 shares during the last quarter. Finally, Palisade Capital Management LLC NJ bought a new stake in OSI Systems during the first quarter worth about $1,883,000. Institutional investors own 93.45% of the company’s stock.
About OSI Systems
OSI Systems, Inc 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. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.
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