OSI Systems, Inc. (OSIS) Receives $91.14 Consensus Price Target from Brokerages
OSI Systems, Inc. (NASDAQ:OSIS) has earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $91.86.
A number of brokerages have recently weighed in on OSIS. Zacks Investment Research upgraded OSI Systems from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Friday. B. Riley set a $92.00 price target on OSI Systems and gave the company a “buy” rating in a report on Sunday, August 27th. Roth Capital reiterated a “buy” rating and set a $97.00 price target on shares of OSI Systems in a report on Tuesday, August 29th. TheStreet upgraded OSI Systems from a “c+” rating to a “b-” rating in a report on Thursday, August 10th. Finally, BidaskClub upgraded OSI Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 10th.
OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, August 24th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. OSI Systems had a return on equity of 10.57% and a net margin of 2.19%. The business had revenue of $252.40 million for the quarter, compared to the consensus estimate of $253.58 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. OSI Systems’s revenue for the quarter was up 14.0% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSIS. Ameritas Investment Partners Inc. acquired a new stake in OSI Systems during the first quarter valued at $110,000. Riverhead Capital Management LLC boosted its position in OSI Systems by 95.8% during 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 during the last quarter. Advisor Group Inc. boosted its position in OSI Systems by 6.9% during 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 during the last quarter. Victory Capital Management Inc. boosted its position in OSI Systems by 138.6% during the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock valued at $136,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in OSI Systems by 13.7% during the first quarter. Asset Management One Co. Ltd. now owns 2,330 shares of the technology company’s stock valued at $170,000 after purchasing an additional 280 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.
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.
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