FLIR Systems’s Underweight Rating Reaffirmed at JPMorgan Chase (FLIR)
FLIR Systems (NASDAQ: FLIR)‘s stock had its “underweight” rating reaffirmed by research analysts at JPMorgan Chase in a report released on Friday. They currently have a $26.50 target price on the stock.
Shares of FLIR Systems traded down 0.26% during mid-day trading on Friday, hitting $26.59. FLIR Systems has a 52 week low of $17.99 and a 52 week high of $27.16. The stock’s 50-day moving average is currently $25.38. The company has a market cap of $3.938 billion and a P/E ratio of 18.37.
FLIR Systems last released its earnings data on Thursday, February 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $386.40 million for the quarter, compared to the consensus estimate of $396.19 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. FLIR Systems has set its FY13 guidance at $1.56-1.66 EPS. Analysts expect that FLIR Systems will post $1.64 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of FLIR Systems in a research note to investors on Wednesday. They now have a $24.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of FLIR Systems in a research note to investors on Tuesday. They now have a $30.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of FLIR Systems in a research note to investors on Friday, February 22nd. They now have a $27.00 price target on the stock.
Four analysts have rated the stock with a buy rating, seven have issued a hold rating, and one has assigned a sell rating to the company. The stock has a consensus rating of “hold” and an average target price of $27.12.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 8th. Investors of record on Tuesday, February 19th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, February 14th. This is an increase from FLIR Systems’s previous quarterly dividend of $0.07.
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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