OSI Systems (NASDAQ:OSIS) Raised to “Sell” at BidaskClub

OSI Systems (NASDAQ:OSIS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday, February 8th.

OSIS has been the topic of several other reports. B. Riley reaffirmed a “buy” rating and set a $108.00 price objective on shares of OSI Systems in a research report on Tuesday, October 24th. Zacks Investment Research cut OSI Systems from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. TheStreet cut OSI Systems from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. Finally, Jefferies Group cut OSI Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $79.00 to $70.00 in a research report on Friday, February 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $85.80.

Shares of OSI Systems (NASDAQ OSIS) traded up $1.12 during mid-day trading on Thursday, reaching $63.08. The company’s stock had a trading volume of 596,558 shares, compared to its average volume of 523,306. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. OSI Systems has a 12-month low of $50.50 and a 12-month high of $96.64. The company has a market capitalization of $1,220.00, a P/E ratio of 34.85, a P/E/G ratio of 1.31 and a beta of 0.88.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, February 1st. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $277.53 million during the quarter, compared to the consensus estimate of $263.77 million. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. equities analysts forecast that OSI Systems will post 3.5 EPS for the current year.

In other news, Director Meyer/ Luskin bought 20,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $56.79 per share, with a total value of $1,135,800.00. Following the completion of the acquisition, the director now owns 10,376 shares in the company, valued at $589,253.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of OSI Systems by 8.0% in the second quarter. Northern Trust Corp now owns 251,527 shares of the technology company’s stock worth $18,902,000 after buying an additional 18,525 shares during the period. First Trust Advisors LP raised its stake in shares of OSI Systems by 126.5% in the third quarter. First Trust Advisors LP now owns 9,431 shares of the technology company’s stock worth $862,000 after buying an additional 5,268 shares during the period. Invictus RG bought a new position in shares of OSI Systems in the third quarter worth about $400,000. AHL Partners LLP raised its stake in shares of OSI Systems by 23.8% in the second quarter. AHL Partners LLP now owns 5,793 shares of the technology company’s stock worth $435,000 after buying an additional 1,112 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of OSI Systems by 8.1% in the second quarter. Teachers Advisors LLC now owns 32,162 shares of the technology company’s stock worth $2,417,000 after buying an additional 2,419 shares during the period.

COPYRIGHT VIOLATION WARNING: This report was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://stocknewstimes.com/2018/02/17/osi-systems-osis-stock-rating-upgraded-by-bidaskclub.html.

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.

Receive News & Ratings for OSI Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply