FLIR Systems (NASDAQ:FLIR) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of FLIR Systems (NASDAQ:FLIR) from a sell rating to a hold rating in a research note released on Thursday morning, BidAskClub reports.

Other equities analysts also recently issued research reports about the company. SunTrust Banks set a $58.00 price target on FLIR Systems and gave the stock a buy rating in a research report on Friday, November 1st. Zacks Investment Research downgraded FLIR Systems from a hold rating to a sell rating and set a $57.00 price target on the stock. in a research report on Monday, November 18th. William Blair restated an outperform rating on shares of FLIR Systems in a report on Friday, November 15th. Finally, Raymond James upgraded FLIR Systems from an outperform rating to a strong-buy rating and boosted their price objective for the stock from $60.00 to $75.00 in a report on Tuesday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $62.40.

NASDAQ FLIR traded down $1.28 during trading on Thursday, reaching $57.51. 703,019 shares of the company’s stock were exchanged, compared to its average volume of 582,594. The business has a 50 day moving average price of $53.71 and a 200-day moving average price of $52.21. The stock has a market capitalization of $7.89 billion, a P/E ratio of 29.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.38 and a quick ratio of 1.53. FLIR Systems has a fifty-two week low of $44.18 and a fifty-two week high of $59.44.

Large investors have recently modified their holdings of the company. NWK Group Inc. bought a new stake in shares of FLIR Systems during the fourth quarter worth approximately $31,000. Evoke Wealth LLC bought a new stake in shares of FLIR Systems during the third quarter worth approximately $33,000. First Bank & Trust boosted its holdings in shares of FLIR Systems by 279.6% during the fourth quarter. First Bank & Trust now owns 782 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 576 shares during the period. CFM Wealth Partners LLC bought a new stake in shares of FLIR Systems during the fourth quarter worth approximately $43,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of FLIR Systems in the fourth quarter valued at approximately $49,000. Institutional investors own 94.32% of the company’s stock.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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