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OSI Systems (NASDAQ:OSIS) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $66.00 target price on the stock. Oppenheimer’s target price would indicate a potential downside of 5.39% from the stock’s previous close. The analysts noted that the move was a valuation call.

OSIS has been the subject of a number of other recent research reports. Analysts at Benchmark Co. raised their price target on shares of OSI Systems to $82.00 in a research note on Tuesday, August 26th. Separately, analysts at Zacks upgraded shares of OSI Systems from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $65.80 price target on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. OSI Systems presently has an average rating of “Buy” and a consensus target price of $73.45.

Shares of OSI Systems (NASDAQ:OSIS) traded down 2.02% on Tuesday, hitting $68.35. The stock had a trading volume of 136,871 shares. OSI Systems has a 1-year low of $39.00 and a 1-year high of $78.50. The stock has a 50-day moving average of $66.89 and a 200-day moving average of $62.4. The company has a market cap of $1.353 billion and a P/E ratio of 29.94.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Monday, August 25th. The company reported $1.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.17 by $0.02. The company had revenue of $260.00 million for the quarter, compared to the consensus estimate of $246.00 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that OSI Systems will post $3.58 EPS for the current fiscal year.

OSI Systems, Inc is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications.

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