FLIR Systems, Inc. (NASDAQ:FLIR) has been assigned a consensus rating of “Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $45.00.

A number of analysts have recently commented on FLIR shares. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. SunTrust Banks boosted their target price on shares of FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price (up previously from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Finally, Raymond James Financial boosted their target price on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 25th.

In other FLIR Systems news, SVP Todd M. Duchene sold 9,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.00, for a total transaction of $423,000.00. Following the transaction, the senior vice president now owns 29,767 shares in the company, valued at approximately $1,399,049. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven E. Wynne sold 11,200 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.34, for a total transaction of $530,208.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,036 shares of company stock worth $1,039,316. 3.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of FLIR. Cramer Rosenthal Mcglynn LLC lifted its stake in FLIR Systems by 153.9% during the 2nd 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 acquiring an additional 1,841,965 shares during the period. Permian Investment Partners LP purchased a new stake in shares of FLIR Systems during the 3rd quarter valued at about $59,964,000. Thrivent Financial For Lutherans increased its position in shares of FLIR Systems by 109.9% during the 2nd 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 purchasing an additional 668,598 shares during the last quarter. Findlay Park Partners LLP increased its position in shares of FLIR Systems by 38.3% during the 3rd quarter. Findlay Park Partners LLP now owns 2,165,000 shares of the scientific and technical instruments company’s stock valued at $84,240,000 after purchasing an additional 600,000 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of FLIR Systems by 6.6% during the 2nd quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock valued at $324,639,000 after purchasing an additional 576,951 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

FLIR Systems (NASDAQ FLIR) opened at $47.38 on Thursday. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6,499.13, a price-to-earnings ratio of 25.77 and a beta of 0.62. FLIR Systems has a 1 year low of $33.75 and a 1 year high of $48.06.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million for the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. equities research analysts predict that FLIR Systems will post 1.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Wednesday, November 22nd. FLIR Systems’s payout ratio is 37.74%.

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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.

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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