Analysts Set FLIR Systems, Inc. (FLIR) Target Price at $56.29

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) have received an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $56.29.

A number of analysts have recently issued reports on FLIR shares. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, July 23rd. Needham & Company LLC boosted their target price on shares of FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Seaport Global Securities reissued a “buy” rating and set a $66.00 target price on shares of FLIR Systems in a research note on Thursday, July 26th. Finally, William Blair raised shares of FLIR Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th.

In other news, SVP Todd M. Duchene sold 3,844 shares of the business’s stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $54.50, for a total transaction of $209,498.00. Following the completion of the sale, the senior vice president now directly owns 37,453 shares of the company’s stock, valued at $2,041,188.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Todd M. Duchene sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $60.01, for a total transaction of $60,010.00. The disclosure for this sale can be found here. Insiders have sold 133,264 shares of company stock valued at $8,081,353 over the last three months. Insiders own 2.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC lifted its stake in FLIR Systems by 51.6% in the second quarter. Vident Investment Advisory LLC now owns 725,192 shares of the scientific and technical instruments company’s stock worth $37,689,000 after acquiring an additional 246,978 shares during the period. Aureus Asset Management LLC lifted its stake in FLIR Systems by 42.4% in the second quarter. Aureus Asset Management LLC now owns 5,694 shares of the scientific and technical instruments company’s stock worth $296,000 after acquiring an additional 1,694 shares during the period. Stevens Capital Management LP purchased a new stake in FLIR Systems in the second quarter worth about $2,440,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in FLIR Systems by 53.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,474 shares of the scientific and technical instruments company’s stock worth $4,858,000 after acquiring an additional 32,689 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in FLIR Systems by 27.0% in the second quarter. Sterling Capital Management LLC now owns 52,468 shares of the scientific and technical instruments company’s stock worth $2,727,000 after acquiring an additional 11,151 shares during the period. 90.58% of the stock is owned by institutional investors.

FLIR stock opened at $56.06 on Wednesday. The company has a current ratio of 4.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.23. FLIR Systems has a twelve month low of $42.33 and a twelve month high of $63.88. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 29.82 and a beta of 0.68.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.06. The business had revenue of $452.70 million for the quarter, compared to analysts’ expectations of $429.12 million. FLIR Systems had a net margin of 6.70% and a return on equity of 16.44%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, analysts anticipate that FLIR Systems will post 2.22 EPS for the current fiscal year.

About FLIR Systems

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

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Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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