Flir Systems Inc. (FLIR) Receives New Coverage from Analysts at Seaport Global Securities
A number of other brokerages have also recently commented on FLIR. Raymond James Financial Inc. cut shares of Flir Systems from a strong-buy rating to an outperform rating and set a $36.00 price objective for the company. in a research note on Monday, July 25th. Zacks Investment Research raised shares of Flir Systems from a sell rating to a hold rating in a research note on Monday, July 18th. Drexel Hamilton reissued a buy rating and issued a $36.00 price objective on shares of Flir Systems in a research note on Monday, October 3rd. Imperial Capital reissued an outperform rating and issued a $40.00 price objective on shares of Flir Systems in a research note on Friday, September 9th. Finally, Robert W. Baird assumed coverage on shares of Flir Systems in a research note on Wednesday, October 5th. They issued a neutral rating and a $34.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $36.11.
Flir Systems (NASDAQ:FLIR) traded down 0.10% on Friday, reaching $30.34. 105,524 shares of the company were exchanged. The firm has a 50-day moving average of $31.08 and a 200 day moving average of $31.45. Flir Systems has a 12-month low of $25.12 and a 12-month high of $34.09. The firm has a market capitalization of $4.17 billion, a P/E ratio of 22.39 and a beta of 0.51.
Flir Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. The business earned $402.70 million during the quarter, compared to analysts’ expectations of $401.56 million. During the same period in the previous year, the business earned $0.36 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict that Flir Systems will post $1.61 earnings per share for the current year.
In other news, VP Jeffrey Frank sold 10,000 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. Following the completion of the sale, the vice president now owns 21,769 shares in the company, valued at approximately $668,961.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of FLIR. Chevy Chase Trust Holdings Inc. raised its stake in Flir Systems by 31.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 1,494,375 shares of the company’s stock valued at $46,953,000 after buying an additional 361,040 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Flir Systems by 1.7% in the third quarter. Eqis Capital Management Inc. now owns 12,188 shares of the company’s stock worth $383,000 after buying an additional 206 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Flir Systems during the second quarter worth about $362,000. Mason Street Advisors LLC purchased a new position in shares of Flir Systems during the second quarter worth about $574,000. Finally, CI Global Investments Inc. increased its position in shares of Flir Systems by 164.4% in the second quarter. CI Global Investments Inc. now owns 40,450 shares of the company’s stock worth $1,252,000 after buying an additional 25,150 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.
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 advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
Receive News & Stock Ratings for Flir Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flir Systems Inc. and related stocks with our FREE daily email newsletter.