Drexel Hamilton restated their buy rating on shares of Flir Systems Inc. (NASDAQ:FLIR) in a research report released on Monday morning. Drexel Hamilton currently has a $36.00 target price on the stock.
A number of other brokerages also recently weighed in on FLIR. Zacks Investment Research downgraded Flir Systems from a hold rating to a sell rating in a research note on Wednesday, June 8th. Raymond James Financial Inc. downgraded Flir Systems from a strong-buy rating to an outperform rating and set a $36.00 target price on the stock. in a research note on Monday, July 25th. Finally, Imperial Capital restated an outperform rating and issued a $40.00 target price on shares of Flir Systems in a research note on Friday, September 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $36.43.
Flir Systems (NASDAQ:FLIR) traded down 0.63% during trading on Monday, reaching $31.39. The company’s stock had a trading volume of 159,501 shares. Flir Systems has a 12 month low of $25.12 and a 12 month high of $34.09. The stock’s 50 day moving average is $31.07 and its 200 day moving average is $31.49. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 23.17 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. The company had revenue of $402.70 million for the quarter, compared to the consensus estimate of $401.56 million. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, equities analysts expect that Flir Systems will post $1.61 EPS for the current fiscal year.
In other Flir Systems news, VP Jeffrey Frank sold 10,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. Following the sale, the vice president now owns 21,769 shares of the company’s stock, valued at approximately $668,961.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. William Harris Investors Inc. boosted its stake in shares of Flir Systems by 2.1% in the first quarter. William Harris Investors Inc. now owns 175,439 shares of the company’s stock worth $5,781,000 after buying an additional 3,612 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Flir Systems during the first quarter worth about $282,000. Palisade Capital Management LLC NJ acquired a new stake in shares of Flir Systems during the first quarter worth about $4,041,000. JPMorgan Chase & Co. boosted its stake in shares of Flir Systems by 885.8% in the first quarter. JPMorgan Chase & Co. now owns 1,250,862 shares of the company’s stock worth $41,216,000 after buying an additional 1,123,969 shares during the last quarter. Finally, BlackRock Japan Co. Ltd boosted its stake in shares of Flir Systems by 48.3% in the first quarter. BlackRock Japan Co. Ltd now owns 267,313 shares of the company’s stock worth $8,808,000 after buying an additional 87,018 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.
Flir Systems Company Profile
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.
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