FLIR Systems (NASDAQ:FLIR)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Friday, AR Network reports. They currently have a $30.00 price objective on the stock. Zacks‘ target price would indicate a potential upside of 3.31% from the stock’s previous close.
Zacks‘ analyst wrote, “We maintain our Neutral recommendation on FLIR Systems with a target price of $30.00. Both the company’s earnings and revenues for third quarter 2013 declined 13.5% and 7.8% year over year, respectively. The company’s organic revenue also declined 2% due to unexpected delays in delivery and a dismal performance in the company’s government segment. The company’s moderated price structure and best quality services along with its cost-control strategy are the positives. However, the competitive landscape in the industry and the current volatile macro-economic condition is also expected to impact FLIR’s business negatively, especially in the specified regions moving forward. Besides, government budgetary constraints, funding delays and stringent regulatory compliance remain headwinds.”
Several other analysts have also recently commented on the stock. Analysts at Capital Ideas Research upgraded shares of FLIR Systems to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at CRT Capital upgraded shares of FLIR Systems from a “fair value” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $37.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of FLIR Systems from $29.50 to $28.00 in a research note to investors on Tuesday, October 15th. They now have an “underweight” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. FLIR Systems currently has an average rating of “Buy” and a consensus price target of $31.14.
Shares of FLIR Systems (NASDAQ:FLIR) traded up 0.55% during mid-day trading on Friday, hitting $29.20. 263,925 shares of the company’s stock traded hands. FLIR Systems has a 1-year low of $19.82 and a 1-year high of $33.81. The stock has a 50-day moving average of $29.06 and a 200-day moving average of $29.39. The company has a market cap of $4.136 billion and a price-to-earnings ratio of 18.82.
FLIR Systems (NASDAQ:FLIR) last released its earnings data on Thursday, October 24th. The company reported $0.32 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.32. The company had revenue of $358.10 million for the quarter, compared to the consensus estimate of $358.39 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that FLIR Systems will post $1.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 6th. Investors of record on Monday, November 18th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, November 14th.
FLIR Systems, Inc (NASDAQ:FLIR) is a designer, manufacturer, and marketer of thermal imaging systems.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.