Today’s Market Runner: Does FLIR Systems, Inc. Have More Gas After Touching 52-Week High?

Today's Market Runner: Does FLIR Systems, Inc. Have More Gas After Touching 52 Week High?

The stock of FLIR Systems, Inc. (NASDAQ:FLIR) hit a new 52-week high and has $45.02 target or 29.00% above today’s $34.90 share price. The 7 months bullish chart indicates low risk for the $4.86 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $45.02 price target is reached, the company will be worth $1.41B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 535,598 shares traded hands. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 5.59% since April 11, 2016 and is uptrending. It has underperformed by 0.56% the S&P500.

FLIR Systems, Inc. (NASDAQ:FLIR) Ratings Coverage

Out of 8 analysts covering FLIR Systems (NASDAQ:FLIR), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. FLIR Systems has been the topic of 8 analyst reports since October 29, 2015 according to StockzIntelligence Inc. The stock has “Strong Buy” rating given by Raymond James on Tuesday, January 5. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. Stephens initiated FLIR Systems, Inc. (NASDAQ:FLIR) on Friday, January 15 with “Equal-Weight” rating. Needham maintained the stock with “Buy” rating in Tuesday, December 1 report. The firm has “Outperform” rating by Imperial Capital given on Friday, November 4. Seaport Global Securities initiated FLIR Systems, Inc. (NASDAQ:FLIR) on Friday, October 7 with “Buy” rating. Goldman Sachs upgraded FLIR Systems, Inc. (NASDAQ:FLIR) rating on Monday, January 4. Goldman Sachs has “Buy” rating and $30 price target.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.25, from 1.2 in 2016Q1. The ratio fall, as 38 funds sold all FLIR Systems, Inc. shares owned while 121 reduced positions. 34 funds bought stakes while 117 increased positions. They now own 122.55 million shares or 5.66% less from 129.90 million shares in 2016Q1.
Cantab Capital Prtn Ltd Liability Partnership has 0% invested in the company for 11,397 shares. Mutual Of America Capital Mngmt Ltd Liability Co owns 16,310 shares or 0.01% of their US portfolio. The New York-based Goldman Sachs Grp Incorporated has invested 0% in FLIR Systems, Inc. (NASDAQ:FLIR). Millennium Mgmt Llc last reported 109,240 shares in the company. Bluemountain Lc holds 0.02% or 23,650 shares in its portfolio. The United Kingdom-based Gulf Bancorporation (Uk) Limited has invested 0.02% in FLIR Systems, Inc. (NASDAQ:FLIR). Bbva Compass Bank & Trust Incorporated holds 0.02% or 9,403 shares in its portfolio. Mizuho Trust And Limited holds 0.02% or 204,227 shares in its portfolio. William Harris Invsts Incorporated last reported 191,439 shares in the company. Janney Montgomery Scott Ltd Liability Co holds 0% or 7,367 shares in its portfolio. First Personal Serv holds 236 shares or 0% of its portfolio. Morgan Stanley owns 213,527 shares or 0% of their US portfolio. Fifth Third Financial Bank, a Ohio-based fund reported 432 shares. Mondrian Investment Prns Ltd, a United Kingdom-based fund reported 32,280 shares. Savings Bank Of America Corp De holds 474,321 shares or 0% of its portfolio.

Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 7 insider sales for $5.11 million net activity. FRANK JEFFREY had sold 10,000 shares worth $307,300. 52,288 shares were sold by LEWIS EARL R, worth $1.62M on Friday, June 3. The insider MACDONALD ANGUS L sold 5,340 shares worth $166,074. HARDING BRIAN E sold $17,853 worth of FLIR Systems, Inc. (NASDAQ:FLIR) on Thursday, July 28. 20,000 shares were sold by CARTER JOHN D, worth $653,200 on Friday, October 28.

More important recent FLIR Systems, Inc. (NASDAQ:FLIR) news were published by: Fool.com which released: “FLIR Systems Stock Flies on Earnings Miss” on November 01, 2016, also Nasdaq.com published article titled: “FLIR Systems Enters Oversold Territory”, Nasdaq.com published: “Flir Systems Inc. Reveals 20% Fall In Q3 Profit” on October 26, 2016. More interesting news about FLIR Systems, Inc. (NASDAQ:FLIR) was released by: Zacks.com and their article: “FLIR Systems’ (FLIR) Q3 Earnings: What’s in the Cards?” with publication date: October 24, 2016.

FLIR Company Profile

FLIR Systems, Inc. (FLIR), incorporated on March 8, 1978, 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’s divisions include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection. The Company’s Surveillance segment provides enhanced imaging and recognition solutions under its commercially developed, military qualified (CDMQ) model to a range of military, law enforcement, public safety and other government customers. The Company’s Instruments segment provides devices that image, measure and assess thermal energy, gases and other environmental elements for industrial, commercial, and scientific applications under the FLIR and Extech brands. The Company’s Security segment develops and makes a range of cameras and video recording systems for use in commercial, critical infrastructure, and home monitoring applications. The Company’s OEM & Emerging Markets segment provides thermal imaging camera cores and components that are utilized by third parties to create thermal and other types of imaging systems. The Company’s Maritime segment develops and makes electronics and imaging instruments for the recreational and commercial maritime market under the FLIR and Raymarine brands. The Detection segment offers sensors, instruments and integrated platform solutions for the detection, identification, and suppression of chemical, biological, radiological, nuclear and explosives (CBRNE) threats.

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