SunTrust Banks upgraded shares of FLIR Systems (NASDAQ:FLIR) from a hold rating to a buy rating in a research report released on Monday, January 8th, Marketbeat.com reports. The brokerage currently has $43.00 price objective on the scientific and technical instruments company’s stock. SunTrust Banks also issued estimates for FLIR Systems’ FY2018 earnings at $2.29 EPS and FY2019 earnings at $2.50 EPS.
FLIR has been the topic of a number of other research reports. Zacks Investment Research lowered FLIR Systems from a buy rating to a hold rating in a report on Thursday, November 16th. ValuEngine lowered FLIR Systems from a buy rating to a hold rating in a report on Friday, December 1st. Needham & Company LLC reissued a buy rating and set a $50.00 price objective (up previously from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Raymond James Financial increased their price objective on FLIR Systems to $60.00 and gave the company a strong-buy rating in a report on Wednesday, October 25th. Finally, Robert W. Baird reissued a hold rating and set a $34.00 price objective on shares of FLIR Systems in a report on Tuesday, October 24th. Three 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 company. FLIR Systems currently has a consensus rating of Buy and a consensus target price of $46.83.
FLIR Systems (NASDAQ FLIR) opened at $51.42 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48. The company has a market capitalization of $7,130.00, a PE ratio of 32.54 and a beta of 0.63. FLIR Systems has a fifty-two week low of $33.75 and a fifty-two week high of $52.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exane Derivatives acquired a new stake in FLIR Systems in the 4th quarter valued at approximately $100,000. Commonwealth Bank of Australia grew its holdings in FLIR Systems by 14.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 400 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in FLIR Systems in the 2nd quarter valued at approximately $116,000. Cerebellum GP LLC acquired a new stake in FLIR Systems in the 4th quarter valued at approximately $119,000. Finally, ETF Managers Group LLC acquired a new stake in FLIR Systems in the 2nd quarter valued at approximately $171,000. 92.81% of the stock is currently 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.
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