OSI Systems Stock Rating Reaffirmed by Benchmark Co. (OSIS)
OSI Systems (NASDAQ:OSIS)‘s stock had its “buy” rating reiterated by research analysts at Benchmark Co. in a report released on Monday. They currently have a $78.00 price target on the stock. Benchmark Co.’s price target would indicate a potential upside of 22.45% from the stock’s previous close.
OSI Systems (NASDAQ:OSIS) traded up 5.43% during mid-day trading on Monday, hitting $67.16. 115,778 shares of the company’s stock traded hands. OSI Systems has a 52-week low of $39.00 and a 52-week high of $78.50. The stock has a 50-day moving average of $58.60 and a 200-day moving average of $58.81. The company has a market cap of $1.339 billion and a P/E ratio of 34.81.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.78 by $0.08. The company had revenue of $198.40 million for the quarter, compared to the consensus estimate of $216.80 million. During the same quarter last year, the company posted $0.74 earnings per share. OSI Systems’s revenue was down 2.7% compared to the same quarter last year. Analysts expect that OSI Systems will post $3.10 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on OSIS. Analysts at Zacks downgraded shares of OSI Systems from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 20th. They now have a $53.80 price target on the stock. Separately, analysts at CRT Capital cut their price target on shares of OSI Systems from $82.00 to $80.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer cut their price target on shares of OSI Systems from $74.00 to $66.00 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $73.16.
OSI Systems, Inc is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications.