Stock Update: FLIR Systems, Inc. (NASDAQ:FLIR)

[Zacks] FLIR Systems, Inc. (NASDAQ:FLIR) has unveiled its novel low cost TG 165 thermometer for fast and easy troubleshooting. This new imaging thermometer helps detect invisible heat patterns, measure temperatures precisely and conveniently store images and measurement data for reporting. The device priced at $499 is expected to be available with leading industrial test equipment retailers across the world by early October.The TG 165 imaging thermometer irs primarily beneficial to facility maintenance workers, contractors, electricians, HVAC techs, and homeowners, as it possesses greater capability to solve heating and electrical issues promptly and safely.Stock PerformanceTaking a look at the company’s recent performance, FLIR Systems reported Second quarter earnings for fiscal 2014 on July 24^th. The company reported actual earnings per share of $0.31 against the consensus Street estimate of $0.33. This represents year over year decline of 12.90%. FLIR Systems posted revenue of $369.40 million against estimates of $375.85 million.FLIR Systems, Inc. (FLIR) is currently valued at $4.21 billion and closed the last trading session at $29.80. The stock has a 50-day moving average of $33.05 and a 200-day moving average of $34.28.

Is this a Buying Opportunity?There are currently six analysts that we track that cover the stock. Of those six, three have a Buy rating, two have a hold rating and one has a Sell rating. On a consensus basis this yields a score of 2.33 and a Hold. The combined price objective of these covering analysts is $38.29, which represents a 24.89% upside difference to the last closing price.The most recent analyst activity consisted of Oppenheimer initiated coverage with outperform stance on the company. Oppenheimer has a price target of $40 which represents an upside of 26.04% from the last closing price. On the date of the report, the stock closed at $32.53.Another research firm weighing in recently was JPMorgan Chase & Co. who boosted price target on the stock. On July 15^th JPMorgan Chas & Co boosted their price target on the stock from $27.50 to $29.00, a 5.41% downside to the current price. On the day of the report, FLIR Systems shares closed at $33.61.Company ProfileFLIR Systems, Inc (NASDAQ:FLIR) designs, manufactures, and markets thermal imaging, and other sensing products and systems worldwide. The company operates in five segments: Thermal Vision & Measurement (TVM), Raymarine, Surveillance, Detection, and Integrated Systems. The TVM segment provides thermal imaging and night vision systems, personal vision thermal cameras, cameras and imaging algorithms, hand-held systems, infrared systems, and test equipment; and camera cores, sensors, and readout integrated circuits, as well as offers training services.