Stock analysts at Robert W. Baird assumed coverage on shares of Flir Systems Inc. (NASDAQ:FLIR) in a note issued to investors on Wednesday. The firm set a “neutral” rating on the stock.
Several other equities research analysts have also weighed in on the company. Raymond James Financial Inc. lowered Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price target for the company. in a report on Monday, July 25th. Zacks Investment Research upgraded Flir Systems from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Drexel Hamilton reiterated a “buy” rating and set a $36.00 price target on shares of Flir Systems in a report on Monday. Imperial Capital reiterated an “outperform” rating and set a $40.00 price target on shares of Flir Systems in a report on Friday, September 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Flir Systems in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.43.
Flir Systems (NASDAQ:FLIR) traded up 0.16% during trading on Wednesday, reaching $30.84. 733,627 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $31.07 and its 200-day moving average price is $31.48. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 22.76 and a beta of 0.51. Flir Systems has a 52-week low of $25.12 and a 52-week high of $34.09.
Flir Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, July 27th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. The company earned $402.70 million during the quarter, compared to analyst estimates of $401.56 million. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts expect that Flir Systems will post $1.61 earnings per share for the current year.
In other Flir Systems news, VP Jeffrey Frank sold 10,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. Following the sale, the vice president now directly owns 21,769 shares in the company, valued at $668,961.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Carroll Financial Associates Inc. bought a new stake in shares of Flir Systems during the second quarter worth $105,000. Nordea Investment Management AB boosted its stake in shares of Flir Systems by 9.6% in the second quarter. Nordea Investment Management AB now owns 3,763 shares of the company’s stock worth $116,000 after buying an additional 331 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Flir Systems during the second quarter worth $200,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Flir Systems during the second quarter worth $213,000. Finally, Norinchukin Bank The boosted its stake in shares of Flir Systems by 2.2% in the second quarter. Norinchukin Bank The now owns 7,218 shares of the company’s stock worth $223,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.
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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