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.
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.
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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