BidaskClub upgraded shares of FLIR Systems (NASDAQ:FLIR) from a hold rating to a buy rating in a research report sent to investors on Saturday, January 20th.
FLIR has been the subject of several other research reports. Needham & Company LLC restated a buy rating and set a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of FLIR Systems from a buy rating to a hold rating in a research report on Thursday, November 16th. ValuEngine lowered shares of FLIR Systems from a buy rating to a hold rating in a research report on Friday, December 1st. Raymond James Financial increased their price target on shares of FLIR Systems to $60.00 and gave the company a strong-buy rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks upgraded 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. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $46.83.
FLIR Systems (FLIR) traded up $0.58 on Friday, reaching $47.04. 1,200,000 shares of the company traded hands, compared to its average volume of 931,760. The company has a market capitalization of $6,518.52, a price-to-earnings ratio of 29.58 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48. FLIR Systems has a one year low of $33.75 and a one year high of $52.88.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Exane Derivatives purchased a new stake in FLIR Systems during the fourth quarter valued at about $100,000. Twin Tree Management LP lifted its holdings in FLIR Systems by 110.0% during the fourth quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 1,259 shares during the last quarter. Cerebellum GP LLC purchased a new stake in FLIR Systems during the fourth quarter valued at about $119,000. Advisory Services Network LLC lifted its holdings in FLIR Systems by 1,238.8% during the fourth quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock valued at $125,000 after purchasing an additional 2,490 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in FLIR Systems during the fourth quarter valued at about $145,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.
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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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