FLIR Systems, Inc. (NASDAQ:FLIR) has received an average rating of “Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $37.71.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday, July 27th. Needham & Company LLC increased their price target on FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. BidaskClub upgraded FLIR Systems from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Raymond James Financial, Inc. upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Monday, July 10th. Finally, UBS AG upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th.

Shares of FLIR Systems (NASDAQ FLIR) traded down 0.23% during midday trading on Friday, hitting $38.91. 1,052,635 shares of the stock traded hands. FLIR Systems has a 12-month low of $28.26 and a 12-month high of $40.76. The company has a market capitalization of $5.34 billion, a PE ratio of 25.09 and a beta of 0.60. The firm’s 50 day moving average price is $38.12 and its 200 day moving average price is $36.95.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The business had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. During the same quarter in the prior year, the business earned $0.37 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that FLIR Systems will post $1.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.54%. The ex-dividend date was Wednesday, August 23rd. FLIR Systems’s dividend payout ratio (DPR) is presently 38.46%.

COPYRIGHT VIOLATION NOTICE: “FLIR Systems, Inc. (FLIR) Given Average Rating of “Buy” by Brokerages” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/30/flir-systems-inc-flir-given-average-rating-of-buy-by-brokerages.html.

In other news, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $38.22, for a total transaction of $764,400.00. Following the sale, the director now directly owns 509,379 shares of the company’s stock, valued at $19,468,465.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas A. Surran sold 261,320 shares of FLIR Systems stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $38.25, for a total value of $9,995,490.00. The disclosure for this sale can be found here. Insiders have sold 292,907 shares of company stock worth $11,191,737 over the last three months. Insiders own 3.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in FLIR. BlackRock Inc. boosted its stake in shares of 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 valued at $318,878,000 after purchasing an additional 8,314,071 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of FLIR Systems by 153.9% during 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 purchasing an additional 1,841,965 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of FLIR Systems by 109.9% during 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 purchasing an additional 668,598 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of FLIR Systems by 253.7% during 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 purchasing an additional 573,103 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of FLIR Systems by 117.2% during 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 purchasing an additional 561,643 shares in the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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.