FLIR Systems Rating Lowered to Market Perform at William Blair (FLIR)

By admin | 6 years ago

FLIR Systems (NASDAQ: FLIR) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday.

FLIR Systems traded up 0.31% on Monday, hitting $22.53. FLIR Systems has a 52-week low of $21.86 and a 52-week high of $37.29. The company has a market cap of $3.481 billion and a price-to-earnings ratio of 16.50.

The company last announced its quarterly results on Friday, April 27th. It reported $0.31 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.34 EPS by $0.03. The company’s quarterly revenue was down 7.3% on a year-over-year basis. Analysts expect that FLIR Systems will post $0.43 EPS next quarter.

A number of other analysts have also recently weighed in on FLIR. Analysts at Needham & Company reiterated a “hold” rating on shares of FLIR Systems in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of FLIR Systems in a research note to investors on Thursday, April 26th. They now have a $24.00 price target on the stock. Finally, analysts at Raymond James (NYSE: RJF) downgraded shares of FLIR Systems from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, April 19th.

FLIR Systems, Inc. (FLIR) is a designer, manufacturer, and marketer of thermal imaging systems. The Company’s advanced sensors and integrated sensor systems enable the gathering and analysis of information through a variety of applications in commercial, industrial, and government markets worldwide.

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