FLIR Systems, Inc. (NASDAQ:FLIR)‘s stock had its “hold” rating reissued by Robert W. Baird in a research note issued to investors on Tuesday. They presently have a $34.00 price target on the scientific and technical instruments company’s stock. Robert W. Baird’s price objective suggests a potential downside of 22.55% from the company’s previous close.

Several other brokerages have also weighed in on FLIR. BidaskClub lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Needham & Company LLC increased their price objective on shares of FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Stephens initiated coverage on shares of FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating on the stock. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Thursday, July 27th. Finally, UBS AG upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.17.

Shares of FLIR Systems (FLIR) traded up 0.32% during midday trading on Tuesday, hitting $43.90. 884,859 shares of the stock traded hands. The stock has a 50-day moving average of $40.50 and a 200-day moving average of $37.81. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 28.30 and a beta of 0.60. FLIR Systems has a 52-week low of $28.90 and a 52-week high of $44.18.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The business had revenue of $434.12 million during the quarter, compared to the consensus estimate of $437.32 million. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, equities analysts predict that FLIR Systems will post $1.85 earnings per share for the current fiscal year.

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In other FLIR Systems news, Director Earl R. Lewis sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $38.22, for a total value of $764,400.00. Following the completion of the sale, the director now owns 509,379 shares of the company’s stock, valued at $19,468,465.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Earl R. Lewis sold 11,587 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.27, for a total transaction of $431,847.49. The disclosure for this sale can be found here. Insiders sold 292,907 shares of company stock valued at $11,191,737 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in FLIR Systems by 1,749.1% during the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock worth $318,878,000 after purchasing an additional 8,314,071 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its stake in FLIR Systems by 153.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock valued at $105,326,000 after buying an additional 1,841,965 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in FLIR Systems by 109.9% in the second quarter. Thrivent Financial For Lutherans now owns 1,277,188 shares of the scientific and technical instruments company’s stock valued at $44,267,000 after buying an additional 668,598 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in FLIR Systems by 253.7% in the second quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock valued at $27,692,000 after buying an additional 573,103 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in FLIR Systems by 117.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,040,675 shares of the scientific and technical instruments company’s stock valued at $36,070,000 after buying an additional 561,643 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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