FLIR Systems (NASDAQ:FLIR)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report released on Monday, Marketbeat.com reports. They presently have a $58.00 target price on the scientific and technical instruments company’s stock, up from their prior target price of $56.00. Needham & Company LLC’s target price would suggest a potential upside of 14.13% from the company’s current price.
Several other equities research analysts have also recently weighed in on FLIR. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, January 8th. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Finally, Stephens set a $59.00 price target on shares of FLIR Systems and gave the company a “buy” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $51.67.
Shares of FLIR Systems (NASDAQ FLIR) opened at $50.82 on Monday. FLIR Systems has a 12 month low of $33.95 and a 12 month high of $52.88. The stock has a market cap of $7,159.92, a price-to-earnings ratio of 27.42 and a beta of 0.68. The company has a quick ratio of 2.57, a current ratio of 3.51 and a debt-to-equity ratio of 0.23.
Large investors have recently bought and sold shares of the company. Exane Derivatives purchased a new stake in shares of FLIR Systems in the 4th quarter worth about $100,000. Twin Tree Management LP lifted its position in shares of FLIR Systems by 110.0% in the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after purchasing an additional 1,259 shares during the period. Cerebellum GP LLC bought a new position in shares of FLIR Systems in the 4th quarter worth about $119,000. Advisory Services Network LLC increased its stake in shares of FLIR Systems by 1,238.8% in the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $125,000 after acquiring an additional 2,490 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in FLIR Systems during the 4th quarter valued at about $145,000. 92.96% of the stock is owned by hedge funds and other institutional investors.
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FLIR Systems Company Profile
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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