FLIR Systems (NASDAQ:FLIR) was downgraded by research analysts at KeyCorp from a “buy” rating to a “hold” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $29.00 price target on the stock. KeyCorp’s price target would suggest a potential downside of 10.60% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of FLIR Systems (NASDAQ: FLIR) opened at 32.44 on Friday. FLIR Systems has a one year low of $18.58 and a one year high of $32.79. The stock’s 50-day moving average is currently $27.33. The company has a market cap of $4.609 billion and a P/E ratio of 20.36.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $389.30 million for the quarter, compared to the consensus estimate of $364.91 million. During the same quarter last year, the company posted $0.30 earnings per share. FLIR Systems’s revenue was up 15.1% compared to the same quarter last year. FLIR Systems has set its FY13 guidance at $1.56-1.66 EPS. On average, analysts predict that FLIR Systems will post $1.59 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FLIR. Analysts at Zacks reiterated a “neutral” rating on shares of FLIR Systems in a research note to investors on Monday, July 22nd. They now have a $30.00 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of FLIR Systems from $30.00 to $33.00 in a research note to investors on Tuesday, July 16th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of FLIR Systems from $30.00 to $37.00 in a research note to investors on Monday, July 8th. They now have a “buy” rating on the stock.
Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.71.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 6th. Investors of record on Monday, August 19th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, August 15th.
FLIR Systems, Inc (NASDAQ: FLIR) is a designer, manufacturer, and marketer of thermal imaging systems.
