FLIR Systems, Inc. (NASDAQ:FLIR) has been assigned an average rating of “Buy” from the nine research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $45.00.

Several equities analysts recently commented on FLIR shares. Needham & Company LLC increased their price objective on shares of FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. SunTrust Banks, Inc. increased their price objective on shares of FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Raymond James Financial, Inc. increased their price objective on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird reissued a “hold” rating and issued a $34.00 price objective on shares of FLIR Systems in a research note on Tuesday, October 24th.

In other news, Director Steven E. Wynne sold 11,200 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian E. Harding sold 1,836 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.90, for a total transaction of $86,108.40. Following the transaction, the vice president now directly owns 6,646 shares of the company’s stock, valued at approximately $311,697.40. The disclosure for this sale can be found here. Insiders have sold 283,356 shares of company stock valued at $11,034,806 in the last ninety days. Insiders own 3.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia raised its stake in shares of FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock valued at $111,000 after acquiring an additional 400 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of FLIR Systems during the second quarter valued at $116,000. Sei Investments Co. raised its stake in FLIR Systems by 76.3% during the third quarter. Sei Investments Co. now owns 4,507 shares of the scientific and technical instruments company’s stock worth $175,000 after buying an additional 1,951 shares during the last quarter. ETF Managers Group LLC bought a new position in FLIR Systems during the second quarter worth $171,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in FLIR Systems during the third quarter worth $211,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Analysts Set FLIR Systems, Inc. (FLIR) PT at $45.00” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/11/22/analysts-set-flir-systems-inc-flir-pt-at-45-00.html.

FLIR Systems (NASDAQ FLIR) traded down $0.34 during midday trading on Friday, hitting $46.84. 760,294 shares of the company traded hands, compared to its average volume of 953,999. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36. The firm has a market cap of $6,510.00, a price-to-earnings ratio of 25.76 and a beta of 0.63. FLIR Systems has a twelve month low of $33.75 and a twelve month high of $48.06.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business 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 firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. equities research analysts predict that FLIR Systems will post 1.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Wednesday, November 22nd. FLIR Systems’s payout ratio is 37.97%.

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.