OSI Systems (NASDAQ:OSIS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. Their Research and Development teams are focused on expanding and enhancing their product portfolios and delivering breakthrough technology solutions and are making technological advances designed to keep pace with their rapidly changing marketplace. They have three operating divisions: Security division, Healthcare division & Optoelectronics & Manufacturing division. “
Other equities research analysts have also recently issued reports about the company. Roth Capital decreased their price target on OSI Systems from $106.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday. B. Riley reiterated a “buy” rating and set a $108.00 price target on shares of OSI Systems in a research report on Thursday, January 25th. TheStreet cut OSI Systems from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. Jefferies Group cut OSI Systems from a “buy” rating to a “hold” rating and decreased their price target for the company from $79.00 to $70.00 in a research report on Friday. They noted that the move was a valuation call. Finally, BidaskClub cut OSI Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $85.80.
Shares of OSI Systems (NASDAQ:OSIS) opened at $55.20 on Tuesday. OSI Systems has a fifty-two week low of $50.50 and a fifty-two week high of $96.64. The company has a market cap of $1,035.68, a PE ratio of -48.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.88. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.08. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. The firm had revenue of $277.53 million for the quarter, compared to analysts’ expectations of $263.77 million. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. equities research analysts anticipate that OSI Systems will post 3.53 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. increased its position in shares of OSI Systems by 6.9% in the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock worth $121,000 after purchasing an additional 104 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of OSI Systems in the third quarter worth approximately $165,000. Nine Chapters Capital Management LLC bought a new position in shares of OSI Systems in the third quarter worth approximately $201,000. Magnetar Financial LLC bought a new position in shares of OSI Systems in the third quarter worth approximately $204,000. Finally, Icon Advisers Inc. Co. bought a new position in shares of OSI Systems in the third quarter worth approximately $210,000.
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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