FLIR Systems, Inc. (NASDAQ:FLIR) Given Consensus Rating of “Buy” by Brokerages
FLIR Systems, Inc. (NASDAQ:FLIR) has received an average rating of “Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $37.63.
A number of equities research analysts recently issued reports on FLIR shares. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, June 27th. BidaskClub raised FLIR Systems from a “sell” rating to a “hold” rating in a research report on Monday. Stephens began coverage on FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating on the stock. Raymond James Financial, Inc. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a report on Monday, July 10th. Finally, UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th.
In other FLIR Systems news, Director William Wright Crouch sold 38,800 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $35.95, for a total value of $1,394,860.00. Following the sale, the director now owns 36,006 shares of the company’s stock, valued at approximately $1,294,415.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Travis D. Merrill sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $37.23, for a total value of $148,920.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,771 shares of company stock worth $2,625,195. Company insiders own 3.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC purchased a new stake in FLIR Systems during the first quarter valued at $106,000. TrimTabs Asset Management LLC purchased a new stake in FLIR Systems during the first quarter valued at $112,000. FTB Advisors Inc. purchased a new stake in FLIR Systems during the first quarter valued at $130,000. Mn Services Vermogensbeheer B.V. increased its stake in FLIR Systems by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,638 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 163 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in FLIR Systems by 21.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the scientific and technical instruments company’s stock valued at $141,000 after buying an additional 700 shares during the period. 91.83% of the stock is currently owned by institutional investors.
Shares of FLIR Systems (FLIR) traded up 0.48% during mid-day trading on Monday, reaching $37.94. The company had a trading volume of 411,536 shares. FLIR Systems has a 12-month low of $28.26 and a 12-month high of $38.94. The firm’s 50 day moving average is $36.65 and its 200-day moving average is $36.28. The stock has a market capitalization of $5.18 billion, a P/E ratio of 25.28 and a beta of 0.58.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $406.80 million for the quarter, compared to the consensus estimate of $408.57 million. FLIR Systems had a return on equity of 13.58% and a net margin of 12.32%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, analysts expect that FLIR Systems will post $1.85 earnings per share for the current fiscal year.
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FLIR Systems Company Profile
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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