SunTrust Banks upgraded shares of FLIR Systems (NASDAQ:FLIR) from a hold rating to a buy rating in a report published on Monday, January 8th, MarketBeat.com reports. They currently have $43.00 price objective on the scientific and technical instruments company’s stock. SunTrust Banks also issued estimates for FLIR Systems’ FY2018 earnings at $2.29 EPS and FY2019 earnings at $2.50 EPS.
Several other brokerages have also recently weighed in on FLIR. Zacks Investment Research cut FLIR Systems from a buy rating to a hold rating in a report on Thursday, November 16th. Needham & Company LLC reissued a buy rating and set a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Raymond James Financial boosted their price target on FLIR Systems to $60.00 and gave the stock a strong-buy rating in a report on Wednesday, October 25th. ValuEngine cut FLIR Systems from a buy rating to a hold rating in a report on Friday, December 1st. Finally, Robert W. Baird reissued a hold rating and set a $34.00 price target on shares of FLIR Systems in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. FLIR Systems currently has an average rating of Buy and a consensus price target of $46.83.
FLIR Systems (NASDAQ:FLIR) traded up $0.06 on Monday, reaching $50.34. The company had a trading volume of 1,024,000 shares, compared to its average volume of 897,470. The company has a market cap of $7,020.00, a P/E ratio of 31.86 and a beta of 0.63. FLIR Systems has a twelve month low of $33.75 and a twelve month high of $50.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36.
FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. sell-side analysts predict that FLIR Systems will post 1.86 EPS for the current year.
In other FLIR Systems news, VP Brian E. Harding sold 1,836 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total value of $86,108.40. Following the sale, the vice president now owns 6,646 shares in the company, valued at approximately $311,697.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Todd M. Duchene sold 9,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.00, for a total value of $423,000.00. Following the completion of the sale, the senior vice president now owns 29,767 shares in the company, valued at approximately $1,399,049. The disclosure for this sale can be found here. Insiders have sold a total of 22,036 shares of company stock worth $1,039,316 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Commonwealth Bank of Australia boosted its position in shares of FLIR Systems by 14.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock valued at $111,000 after purchasing an additional 400 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in FLIR Systems during the 2nd quarter worth approximately $116,000. ETF Managers Group LLC acquired a new position in FLIR Systems during the 2nd quarter worth approximately $171,000. Sei Investments Co. raised its stake in FLIR Systems by 76.3% during the 3rd 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 period. Finally, CrestPoint Capital Management LLC acquired a new position in FLIR Systems during the 4th quarter worth approximately $210,000. Institutional investors own 92.95% of the company’s stock.
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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 threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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