Analysts Set FLIR Systems, Inc. (FLIR) PT at $45.00
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.
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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.
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