OSI Systems, Inc. (NASDAQ:OSIS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on OSI Systems, with five buy ratings and two holds among seven analysts. The average 12-month price target is approximately $291.86, although several firms recently lowered their targets.
• OSI Systems exceeded quarterly expectations, reporting earnings per share of $2.60 versus a $2.53 consensus estimate and revenue of $453.25 million. Revenue increased 2% year over year, while analysts expect full-year EPS of about $10.40.
• Institutional investors own 89.21% of the company’s stock, with several funds adding to or initiating positions during the second quarter. Shares recently opened at $237.10, below their 52-week high of $311.72.

Shares of OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $291.8571.

Several analysts have recently commented on the stock. Bank of America reduced their target price on shares of OSI Systems from $315.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Citigroup cut their price target on shares of OSI Systems from $345.00 to $279.00 and set a "buy" rating for the company in a report on Monday, May 18th. Roth Capital restated a "buy" rating and issued a $310.00 price objective on shares of OSI Systems in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 30th.

OSI Systems Stock Performance

Shares of OSIS stock opened at $237.10 on Friday. The stock has a market capitalization of $3.91 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. OSI Systems has a 52-week low of $197.27 and a 52-week high of $311.72. The stock's 50-day moving average price is $217.98 and its 200 day moving average price is $250.80. The company has a quick ratio of 2.42, a current ratio of 3.25 and a debt-to-equity ratio of 1.12.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.07. The firm had revenue of $453.25 million during the quarter, compared to the consensus estimate of $449.23 million. OSI Systems had a return on equity of 18.84% and a net margin of 8.42%.The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company earned $2.44 earnings per share. As a group, equities research analysts forecast that OSI Systems will post 10.4 EPS for the current year.

Institutional Trading of OSI Systems

A number of institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new position in OSI Systems during the second quarter worth $328,000. State of Wyoming acquired a new stake in OSI Systems in the second quarter valued at $244,000. Wedge Capital Management L L P NC boosted its position in shares of OSI Systems by 7.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 13,052 shares of the technology company's stock worth $2,854,000 after purchasing an additional 958 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of OSI Systems by 33.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,365 shares of the technology company's stock worth $1,392,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new stake in shares of OSI Systems during the 2nd quarter worth $408,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Company Profile

OSI Systems, Inc NASDAQ: OSIS is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.

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