FLIR Systems Inc. (FLIR): Today's Featured Industrial Goods Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

FLIR Systems ( FLIR) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole was unchanged today. By the end of trading, FLIR Systems fell $0.40 (-1.3%) to $31.18 on light volume. Throughout the day, 615,160 shares of FLIR Systems exchanged hands as compared to its average daily volume of 1,004,700 shares. The stock ranged in price between $31.17-$31.70 after having opened the day at $31.54 as compared to the previous trading day's close of $31.58. Other companies within the Industrial Goods sector that declined today were: Ecotality ( ECTY), down 11.0%, Exide Technologies ( XIDE), down 9.4%, AAR Corporation ( AIR), down 9.2% and Jewett-Cameron Trading Company ( JCTCF), down 9.1%.

FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates in five segments: Thermal Vision & Measurement (TVM), Raymarine, Surveillance, Detection, and Integrated Systems. FLIR Systems has a market cap of $4.4 billion and is part of the aerospace/defense industry. Shares are up 39.7% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate FLIR Systems a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates FLIR Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, China BAK Battery ( CBAK), up 24.3%, China Ming Yang Wind Power Group ( MY), up 9.0%, Ballard Power Systems ( BLDP), up 7.8% and Perma-Fix Environmental Services ( PESI), up 7.5% , were all gainers within the industrial goods sector with Martin Marietta Materials ( MLM) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Snap-On, Teekay Shipping, FLIR Systems, GW Pharmaceuticals: 'Mad Money' Lightning Round

Time to Raise Some Cash: Cramer's 'Mad Money' Recap (Tuesday 8/1/17)

20 Mid-Cap Dividend Growers Are Blips on My Tracking Radar

Bringing Jobs Back to the U.S.--For Robots, but Still Jobs

Bringing Manufacturing Back to the U.S. Is Creating Jobs...For Robots