FLIR Systems, Inc. (NASDAQ:FLIR) Given Consensus Rating of “Buy” by Brokerages

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) have been given a consensus recommendation of “Buy” by the eleven brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $62.40.

A number of equities research analysts have recently weighed in on FLIR shares. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, Imperial Capital raised shares of FLIR Systems from an “in-line” rating to an “outperform” rating and increased their target price for the company from $56.00 to $57.00 in a research report on Wednesday, May 22nd.

In related news, Director Steven E. Wynne sold 10,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $52.53, for a total value of $525,300.00. Following the transaction, the director now directly owns 484,031 shares of the company’s stock, valued at approximately $25,426,148.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John D. Carter sold 10,300 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $51.10, for a total transaction of $526,330.00. Following the completion of the transaction, the director now directly owns 53,537 shares in the company, valued at $2,735,740.70. The disclosure for this sale can be found here. Insiders sold a total of 65,121 shares of company stock worth $3,358,586 over the last ninety days. Insiders own 2.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Fenimore Asset Management Inc. grew its position in FLIR Systems by 0.4% during the 2nd quarter. Fenimore Asset Management Inc. now owns 1,439,487 shares of the scientific and technical instruments company’s stock worth $77,876,000 after purchasing an additional 5,960 shares during the last quarter. IFM Investors Pty Ltd grew its position in FLIR Systems by 42.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 11,772 shares of the scientific and technical instruments company’s stock worth $637,000 after purchasing an additional 3,492 shares during the last quarter. Raymond James Trust N.A. grew its position in FLIR Systems by 7.7% during the 2nd quarter. Raymond James Trust N.A. now owns 6,754 shares of the scientific and technical instruments company’s stock worth $365,000 after purchasing an additional 485 shares during the last quarter. First Hawaiian Bank grew its position in FLIR Systems by 13.9% during the 2nd quarter. First Hawaiian Bank now owns 13,529 shares of the scientific and technical instruments company’s stock worth $731,000 after purchasing an additional 1,652 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in FLIR Systems by 4.1% during the 2nd quarter. Retirement Systems of Alabama now owns 180,115 shares of the scientific and technical instruments company’s stock worth $9,744,000 after purchasing an additional 7,107 shares during the last quarter. 90.44% of the stock is currently owned by institutional investors.

Shares of FLIR traded down $0.25 during midday trading on Friday, reaching $53.77. The stock had a trading volume of 22,497 shares, compared to its average volume of 651,588. FLIR Systems has a 1-year low of $40.52 and a 1-year high of $63.88. The business has a fifty day moving average price of $52.32. The firm has a market capitalization of $7.32 billion, a P/E ratio of 24.26 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 2.45.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.05. FLIR Systems had a net margin of 17.13% and a return on equity of 16.84%. The business had revenue of $444.70 million for the quarter, compared to analyst estimates of $440.98 million. During the same period last year, the business earned $0.48 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Research analysts expect that FLIR Systems will post 2.37 earnings per share for the current year.

FLIR Systems Company Profile

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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