Brokerages Set FLIR Systems, Inc. (NASDAQ:FLIR) Price Target at $58.33

FLIR Systems, Inc. (NASDAQ:FLIR) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $58.00.

A number of analysts have weighed in on FLIR shares. William Blair reiterated an “outperform” rating on shares of FLIR Systems in a report on Friday. BidaskClub cut shares of FLIR Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 1st. SunTrust Banks set a $58.00 price objective on shares of FLIR Systems and gave the stock a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research cut shares of FLIR Systems from a “hold” rating to a “sell” rating and set a $57.00 price objective on the stock. in a research report on Monday. Finally, Berenberg Bank began coverage on shares of FLIR Systems in a research report on Friday, September 6th. They set a “buy” rating and a $60.00 price objective on the stock.

In other news, Director Steven E. Wynne sold 10,300 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $53.58, for a total transaction of $551,874.00. Following the transaction, the director now owns 118,445 shares of the company’s stock, valued at approximately $6,346,283.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian E. Harding sold 3,625 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $52.48, for a total transaction of $190,240.00. Following the transaction, the vice president now directly owns 8,876 shares in the company, valued at approximately $465,812.48. The disclosure for this sale can be found here. Insiders have sold a total of 21,510 shares of company stock worth $1,143,995 in the last three months. Insiders own 2.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in FLIR Systems by 3.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,145 shares of the scientific and technical instruments company’s stock valued at $549,000 after acquiring an additional 344 shares in the last quarter. Retirement Systems of Alabama lifted its position in FLIR Systems by 4.1% in the 2nd quarter. Retirement Systems of Alabama now owns 180,115 shares of the scientific and technical instruments company’s stock valued at $9,744,000 after acquiring an additional 7,107 shares in the last quarter. First Hawaiian Bank lifted its position in FLIR Systems by 13.9% in the 2nd quarter. First Hawaiian Bank now owns 13,529 shares of the scientific and technical instruments company’s stock valued at $731,000 after acquiring an additional 1,652 shares in the last quarter. Raymond James Trust N.A. lifted its position in FLIR Systems by 7.7% in the 2nd quarter. Raymond James Trust N.A. now owns 6,754 shares of the scientific and technical instruments company’s stock valued at $365,000 after acquiring an additional 485 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its position in FLIR Systems by 42.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 11,772 shares of the scientific and technical instruments company’s stock valued at $637,000 after acquiring an additional 3,492 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors.

FLIR Systems stock traded down $0.30 during trading hours on Thursday, reaching $53.50. 412,900 shares of the company’s stock were exchanged, compared to its average volume of 828,662. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.34. The firm’s 50 day simple moving average is $53.09 and its 200 day simple moving average is $51.57. FLIR Systems has a twelve month low of $40.52 and a twelve month high of $55.54. The firm has a market capitalization of $7.22 billion, a PE ratio of 24.10 and a beta of 1.14.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. FLIR Systems had a return on equity of 16.71% and a net margin of 14.54%. The firm had revenue of $471.25 million during the quarter, compared to the consensus estimate of $486.51 million. During the same period last year, the business posted $0.57 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Analysts anticipate that FLIR Systems will post 2.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. FLIR Systems’s dividend payout ratio (DPR) is presently 30.63%.

About FLIR Systems

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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