FLIR Systems (FLIR) Upgraded to “Buy” by BidaskClub

FLIR Systems (NASDAQ:FLIR) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other brokerages have also weighed in on FLIR. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Tuesday, January 9th. SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Monday, January 8th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Raymond James Financial increased their price objective on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 25th. Finally, ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. FLIR Systems has an average rating of “Buy” and a consensus target price of $46.83.

Shares of FLIR Systems (NASDAQ FLIR) traded up $1.05 on Friday, hitting $52.40. 1,470,000 shares of the stock traded hands, compared to its average volume of 877,427. The company has a market capitalization of $7,410.00, a price-to-earnings ratio of 33.16 and a beta of 0.63. FLIR Systems has a 52 week low of $33.75 and a 52 week high of $52.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $464.70 million for the quarter, compared to analyst estimates of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. sell-side analysts expect that FLIR Systems will post 1.86 EPS for the current year.

In other FLIR Systems news, VP Brian E. Harding sold 1,836 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $46.90, for a total transaction of $86,108.40. Following the sale, the vice president now directly owns 6,646 shares in the company, valued at $311,697.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Todd M. Duchene sold 9,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.00, for a total transaction of $423,000.00. Following the sale, the senior vice president now owns 29,767 shares in the company, valued at $1,399,049. The disclosure for this sale can be found here. Insiders sold 22,036 shares of company stock worth $1,039,316 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. AXA grew its stake in FLIR Systems by 0.8% during the second quarter. AXA now owns 24,102 shares of the scientific and technical instruments company’s stock worth $835,000 after buying an additional 200 shares in the last quarter. WCM Investment Management CA grew its stake in FLIR Systems by 6.1% during the third quarter. WCM Investment Management CA now owns 19,045 shares of the scientific and technical instruments company’s stock worth $741,000 after buying an additional 1,100 shares in the last quarter. Stifel Financial Corp grew its stake in FLIR Systems by 2.0% during the second quarter. Stifel Financial Corp now owns 66,672 shares of the scientific and technical instruments company’s stock worth $2,309,000 after buying an additional 1,306 shares in the last quarter. Prudential Financial Inc. grew its stake in FLIR Systems by 0.7% during the third quarter. Prudential Financial Inc. now owns 186,216 shares of the scientific and technical instruments company’s stock worth $7,246,000 after buying an additional 1,350 shares in the last quarter. Finally, First Merchants Corp grew its stake in FLIR Systems by 2.5% during the third quarter. First Merchants Corp now owns 56,393 shares of the scientific and technical instruments company’s stock worth $2,193,000 after buying an additional 1,389 shares in the last quarter. Hedge funds and other institutional investors own 92.95% of the company’s stock.

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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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