OSI Systems (OSIS) Gets a Buy Rating from B.Riley FBR


B.Riley FBR analyst Josh Nichols reiterated a Buy rating on OSI Systems (OSIS) today and set a price target of $113. The company’s shares closed last Monday at $104.46.

Nichols observed:

“Buy-rated OSI Systems (OSIS—$113 PT) will report F4Q19 (Jun) results, before the open, on Monday, 8/26, and will hold a conference call at 12:00pm ET. We model revenue/EBITDA/pro forma EPS of $304M/$51M/$1.03, mixed with consensus of $304/$49M/$1.06, respectively. OSIS shares are up 42.5% YTD (vs. after delivering record F3Q19 revenue as well as announcing a several new awards within the company’s Security and high-margin Healthcare divisions. Moreover, in early June, the DOJ and SEC closed their investigations into possible violations of the Act (FCPA) that have been an overhang on shares since early 2018. The Security division has been a standout performer and delivered record F3Q19 revenue of $193M, up 14% Y/Y .”

According to TipRanks.com, Nichols is a 5-star analyst with an average return of 16.0% and a 43.1% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Horizon Global, and ID Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for OSI Systems.

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OSI Systems’ market cap is currently $1.89B and has a P/E ratio of 36.69. The company has a Price to Book ratio of 3.60.

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OSI Systems, Inc. is an integrated designer and manufacturer of specialized electronic systems and components for critical applications. Its services support a range of markets, including homeland security, healthcare, defense and aerospace. It operates through the following segments: Security, Healthcare, Optoelectronics and Manufacturing, and Corporate.

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