FLIR Systems (NASDAQ:FLIR)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a report released on Monday, Marketbeat Ratings reports. They currently have a $58.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $56.00. Needham & Company LLC’s target price indicates a potential upside of 12.91% from the stock’s previous close.

Several other research firms have also recently issued reports on FLIR. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stephens set a $59.00 target price on shares of FLIR Systems and gave the company a “buy” rating in a research note on Friday, February 16th. ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, SunTrust Banks upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Monday, January 8th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. FLIR Systems currently has an average rating of “Buy” and a consensus target price of $51.67.

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FLIR Systems (FLIR) opened at $51.37 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.57 and a current ratio of 3.51. The stock has a market cap of $7,120.00, a PE ratio of 35.43 and a beta of 0.68. FLIR Systems has a one year low of $33.95 and a one year high of $52.88.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $494.80 million for the quarter, compared to analysts’ expectations of $501.44 million. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. equities research analysts forecast that FLIR Systems will post 2.11 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exane Derivatives purchased a new stake in shares of FLIR Systems during the 4th quarter valued at about $100,000. Twin Tree Management LP increased its position in shares of FLIR Systems by 110.0% during the 4th 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 shares of FLIR Systems during the 4th quarter valued at about $119,000. Advisory Services Network LLC increased its position in shares of FLIR Systems by 1,238.8% during the 4th 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 shares of 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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About FLIR Systems

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.

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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