Flir Systems (NASDAQ: FLIR) received a Hold rating and a $63 price target from Alembic Global analyst Peter Skibitski on August 27. The company’s shares closed yesterday at $61.78, close to its 52-week high of $62.11.
Skibitski wrote:
“We are concerned, however, that this year’s growth is being driven by the large, USD75m Army EO/IR-FP program, which is expected to end relatively soon. This sets up a difficult comp, we believe, in FY19 (just around the corner), and FLIR may have to thread the needle on a number of new competitions in order to avoid revenue deceleration, which could pressure its valuation.”
According to TipRanks.com, Skibitski is a 4-star analyst with an average return of 22.7% and a 85.0% success rate. Skibitski covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Huntington Ingalls.
Flir Systems has an analyst consensus of Moderate Buy, with a price target consensus of $63.
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The company has a one-year high of $62.11 and a one-year low of $37.66. Currently, Flir Systems has an average volume of 949.4K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Steven Wynne, a Director at FLIR sold 13,600 shares for a total of $743,648.
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FLIR Systems, Inc. engages in the design, development, manufacturing, marketing, and distribution of thermal imaging, visible-light imaging systems, locater, measurement and diagnostic systems, and advanced threat-detection solutions hat detect people, objects and substances that may not be perceived by human sense and improve the way people interact with the
