Oppenheimer Issues Pessimistic Forecast for OSI Systems (NASDAQ:OSIS) Stock Price

Key Points

• Oppenheimer lowered its OSI Systems price target from $300 to $265 while maintaining an “outperform” rating, implying 36.56% potential upside from the reported $194.05 share price.
• Analyst sentiment remains broadly positive, with five Buy ratings and two Holds; MarketBeat reports a “Moderate Buy” consensus and an average target price of $276.71.
• OSI Systems slightly exceeded quarterly EPS expectations at $3.78 versus $3.77, but revenue of $484.06 million fell short of the $529.72 million consensus estimate. Institutional investors own 89.21% of the company’s stock.

OSI Systems (NASDAQ:OSIS - Get Free Report) had its target price reduced by equities research analysts at Oppenheimer from $300.00 to $265.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Oppenheimer's price target points to a potential upside of 36.56% from the company's current price.

Several other equities research analysts have also recently commented on OSIS. Roth Capital restated a "buy" rating and set a $274.00 price target on shares of OSI Systems in a research note on Friday, August 21st. Weiss Ratings cut shares of OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Bank of America cut their price objective on shares of OSI Systems from $315.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Finally, B. Riley Financial restated a "buy" rating and issued a $265.00 target price (down from $320.00) on shares of OSI Systems in a research note on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $276.71.

OSI Systems Price Performance

Shares of OSIS opened at $194.05 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.34 and a current ratio of 3.15. OSI Systems has a fifty-two week low of $186.50 and a fifty-two week high of $311.72. The firm has a 50-day simple moving average of $210.22 and a 200-day simple moving average of $229.53. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The technology company reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.01. OSI Systems had a return on equity of 20.33% and a net margin of 8.66%.The firm had revenue of $484.06 million for the quarter, compared to analysts' expectations of $529.72 million. During the same quarter in the previous year, the firm posted $2.84 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. On average, equities research analysts anticipate that OSI Systems will post 11.35 earnings per share for the current year.

Institutional Investors Weigh In On OSI Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of OSIS. Tidal Investments LLC grew its stake in OSI Systems by 504.8% in the 2nd quarter. Tidal Investments LLC now owns 8,316 shares of the technology company's stock valued at $1,819,000 after acquiring an additional 6,941 shares during the last quarter. Empowered Funds LLC purchased a new position in OSI Systems in the 1st quarter valued at about $2,103,000. WINTON GROUP Ltd boosted its stake in shares of OSI Systems by 541.4% during the 2nd quarter. WINTON GROUP Ltd now owns 7,382 shares of the technology company's stock worth $1,614,000 after purchasing an additional 6,231 shares during the last quarter. Waverly Advisors LLC grew its holdings in shares of OSI Systems by 1,283.8% during the first quarter. Waverly Advisors LLC now owns 12,302 shares of the technology company's stock worth $3,266,000 after buying an additional 11,413 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of OSI Systems in the second quarter valued at approximately $82,964,000. Institutional investors and hedge funds own 89.21% of the company's stock.

OSI Systems Company Profile

OSI Systems, Inc is a diversified technology company that designs and manufactures specialized electronic systems, components and subsystems. Headquartered in Hawthorne, California, the company serves customers in the security, healthcare, defense, aerospace and industrial markets.

Through its Security division, OSI Systems provides inspection and screening technologies used at airports, ports, border crossings and other critical infrastructure locations. Its products include baggage and cargo inspection systems, checkpoint screening equipment, explosive and narcotics detection systems, radiation detection products, and systems for inspecting vehicles and people.

The company's Healthcare division develops patient monitoring and diagnostic systems, including equipment used in cardiology, anesthesia and other clinical applications.

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