FLIR Systems Price Target Cut to $28.00 (FLIR)
Equities researchers at JPMorgan Chase & Co. lowered their price target on shares of FLIR Systems (NASDAQ:FLIR) from $29.50 to $28.00 in a research report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 2.06% from the stock’s previous close.
FLIR Systems (NASDAQ:FLIR) traded down 13.81% on Tuesday, hitting $28.59. 8,334,059 shares of the company’s stock traded hands. FLIR Systems has a 1-year low of $18.58 and a 1-year high of $33.81. The stock’s 50-day moving average is $31.85 and its 200-day moving average is $28.31. The company has a market cap of $4.062 billion and a price-to-earnings ratio of 20.82.
FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Thursday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $389.30 million for the quarter, compared to the consensus estimate of $364.91 million. During the same quarter last year, the company posted $0.30 earnings per share. FLIR Systems’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that FLIR Systems will post $1.59 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FLIR. Analysts at Zacks reiterated a “neutral” rating on shares of FLIR Systems in a research note to investors on Friday, September 13th. They now have a $33.00 price target on the stock. Separately, analysts at Drexel Hamilton downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 30th. They noted that the move was a valuation call. Finally, analysts at KeyCorp downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 26th. They now have a $29.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.14.
FLIR Systems, Inc (NASDAQ:FLIR) is a designer, manufacturer, and marketer of thermal imaging systems.
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