FLIR Systems (NASDAQ:FLIR) was upgraded by equities research analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a research note issued on Monday, The Fly reports.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a report on Tuesday, October 24th. Needham & Company LLC reaffirmed 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. Raymond James Financial lifted their target price on shares of FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. Finally, ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.33.
Shares of FLIR Systems (NASDAQ FLIR) opened at $48.25 on Monday. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. FLIR Systems has a fifty-two week low of $33.75 and a fifty-two week high of $48.43. The company has a market cap of $6,686.21, a price-to-earnings ratio of 30.35 and a beta of 0.63.
In related news, VP Brian E. Harding sold 1,836 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.90, for a total value of $86,108.40. Following the sale, the vice president now directly owns 6,646 shares of the company’s stock, valued at approximately $311,697.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven E. Wynne sold 11,200 shares of the business’s stock in a transaction on 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. Insiders sold a total of 22,036 shares of company stock valued at $1,039,316 in the last three months. 3.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of FLIR. CIBC Asset Management Inc lifted its position in FLIR Systems by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,864 shares of the scientific and technical instruments company’s stock worth $411,000 after buying an additional 31 shares in the last quarter. ING Groep NV lifted its position in FLIR Systems by 0.4% during the 2nd quarter. ING Groep NV now owns 7,610 shares of the scientific and technical instruments company’s stock worth $264,000 after buying an additional 32 shares in the last quarter. Capstone Asset Management Co. lifted its position in FLIR Systems by 0.6% during the 2nd quarter. Capstone Asset Management Co. now owns 8,701 shares of the scientific and technical instruments company’s stock worth $269,000 after buying an additional 50 shares in the last quarter. World Asset Management Inc lifted its position in FLIR Systems by 0.4% during the 2nd quarter. World Asset Management Inc now owns 13,653 shares of the scientific and technical instruments company’s stock worth $423,000 after buying an additional 52 shares in the last quarter. Finally, Tyers Asset Management LLC lifted its position in FLIR Systems by 0.4% during the 1st quarter. Tyers Asset Management LLC now owns 17,664 shares of the scientific and technical instruments company’s stock worth $641,000 after buying an additional 64 shares in the last quarter. 92.94% of the stock is currently owned by institutional investors and hedge funds.
About FLIR Systems
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.