OSI Systems Downgraded by Oppenheimer (OSIS)

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

A number of other analysts have also recently weighed in on OSIS. 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. OSI Systems has an average rating of “Buy” and a consensus price target of $73.45.

OSI Systems (NASDAQ:OSIS) opened at 69.76 on Tuesday. 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 $66.89 and a 200-day moving average of $62.4. The company has a market cap of $1.381 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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts predict that OSI Systems will post $3.58 earnings per share 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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