OSI Systems, Inc. (NASDAQ:OSIS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $94.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.09% from the stock’s current price.

According to Zacks, “OSI Systems, Inc. is a premier worldwide designer and provider of components, subsystems and end-products based on optical and electromechanical pressure sensor technologies. The Company’s product range focuses on the fiber optics and high speed telecommunications for Gigabit Ethernet and Fibre Channel, Security and Inspection and Medical Diagnostics industries, three areas of excellent growth for our products. The Company also sees continued expansion in office automation, aerospace, computer peripherals and industrial automation industries. “

Several other equities analysts also recently weighed in on OSIS. Sidoti initiated coverage on OSI Systems in a research note on Wednesday, May 24th. They issued a “buy” rating and a $99.00 price objective for the company. Jefferies Group LLC reaffirmed a “buy” rating on shares of OSI Systems in a research note on Thursday, June 1st. BidaskClub downgraded OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a research note on Thursday, August 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $92.00 price objective (up from $87.00) on shares of OSI Systems in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $91.43.

Shares of OSI Systems (NASDAQ:OSIS) opened at 82.39 on Thursday. OSI Systems has a 52 week low of $62.22 and a 52 week high of $86.14. The stock has a 50 day moving average price of $80.71 and a 200-day moving average price of $76.65. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 77.00 and a beta of 0.75.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, August 24th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.09. OSI Systems had a return on equity of 10.57% and a net margin of 2.19%. The firm had revenue of $252.40 million during the quarter, compared to the consensus estimate of $253.58 million. During the same period last year, the business posted $0.55 EPS. OSI Systems’s quarterly revenue was up 14.0% on a year-over-year basis. On average, analysts anticipate that OSI Systems will post $3.46 EPS for the current year.

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A number of large investors have recently made changes to their positions in the business. Miles Capital Inc. grew its holdings in OSI Systems by 1.7% during the 1st quarter. Miles Capital Inc. now owns 3,065 shares of the technology company’s stock valued at $224,000 after buying an additional 52 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in OSI Systems by 3.1% during the 1st quarter. State of Alaska Department of Revenue now owns 2,010 shares of the technology company’s stock valued at $146,000 after buying an additional 60 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in OSI Systems by 1.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 4,140 shares of the technology company’s stock valued at $302,000 after buying an additional 60 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in OSI Systems by 2.3% during the 1st quarter. Eqis Capital Management Inc. now owns 2,963 shares of the technology company’s stock valued at $216,000 after buying an additional 68 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in OSI Systems by 0.6% during the 2nd quarter. Nationwide Fund Advisors now owns 12,294 shares of the technology company’s stock valued at $924,000 after buying an additional 74 shares during the last quarter.

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.

Analyst Recommendations for OSI Systems (NASDAQ:OSIS)

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