FLIR Systems (FLIR) Sets New 12-Month High and Low at $53.34

FLIR Systems (NASDAQ:FLIR) shares hit a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $53.34 and last traded at $53.24, with a volume of 142353 shares trading hands. The stock had previously closed at $52.95.

A number of brokerages have issued reports on FLIR. BidaskClub upgraded shares of FLIR Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 4th. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Needham & Company LLC reiterated a “buy” rating and issued a $58.00 price objective (up previously from $56.00) on shares of FLIR Systems in a research note on Monday, March 12th. Finally, Imperial Capital increased their price objective on shares of FLIR Systems from $38.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, March 22nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $51.86.

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The company has a market capitalization of $7,246.05, a price-to-earnings ratio of 28.22 and a beta of 0.68. The company has a current ratio of 3.51, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The firm had revenue of $494.80 million for the quarter, compared to analyst estimates of $501.44 million. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 earnings per share. research analysts expect that FLIR Systems will post 2.1 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Exane Derivatives purchased a new stake in FLIR Systems during the fourth quarter worth $100,000. Twin Tree Management LP boosted 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 worth $112,000 after buying an additional 1,259 shares in the last quarter. Cerebellum GP LLC purchased a new stake in FLIR Systems during the fourth quarter worth $119,000. Advisory Services Network LLC boosted 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 worth $125,000 after buying an additional 2,490 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in FLIR Systems during the fourth quarter worth $145,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.

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About FLIR Systems

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

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