FLIR Systems (NASDAQ:FLIR): Needham Sticks With “Buy” Rating Today, Has a Target of $35.00/Share

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FLIR Systems (NASDAQ:FLIR) Rating Reaffirmed

The broker has just set a PT of $35.00 on FLIR Systems (NASDAQ:FLIR) shares. This is 14.53% from the last stock close price. In a recent research report revealed to investors on 1 December, Needham reiterated their “Buy” rating on shares of FLIR.

From a total of 6 analysts covering FLIR Systems (NASDAQ:FLIR) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $40 while the lowest target price is $30. The mean of all analyst targets is $34.33 with a -36.19% below today’s ($30.56) stock price. FLIR Systems was the topic of 2 analyst reports since October 29, 2015 according to the firm StockzIntelligence Inc. Needham maintained shares on December 1 with “Buy” rating.

The stock closed the day at $30.56 during the previous session. It is down 1.89% since April 28, 2015 and is downtrending. It has underperformed by 0.27% the S&P500.

FLIR Systems, Inc. designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions. The company has a market cap of $4.18 billion. The Company’s operating divisions include: Surveillance, Instruments, OEM and Emerging Markets, Maritime, Security and Detection. It has 17.72 P/E ratio. The Surveillance segment provides enhanced imaging and recognition solutions.

According to Zacks Investment Research, “FLIR Systems, Inc. designs, manufactures and markets thermal imaging and broadcast camera systems for applications in the commercial and government markets. The company’s products come in a variety of configurations such as handheld or ground-based systems, as well as systems mounted on ships, helicopters and airplanes. Their thermal imaging systems use infrared technologies that detect infrared radiation, or heat, enabling the operator to measure minute temperature differences and to see objects in daylight or total darkness and through smoke, haze and most types of fog.” Get a free copy of the Zacks research report on FLIR Systems, Inc. (FLIR)

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