A number of other equities research analysts have also recently issued reports on FLIR. Zacks Investment Research cut Flir Systems from a hold rating to a sell rating in a research note on Wednesday, June 8th. Raymond James Financial Inc. cut Flir Systems from a strong-buy rating to an outperform rating and set a $36.00 price objective on the stock. in a research note on Monday, July 25th. Finally, Imperial Capital reiterated an outperform rating and set a $40.00 price objective on shares of Flir Systems in a research note on Friday, September 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $36.13.
Shares of Flir Systems (NASDAQ:FLIR) opened at 30.84 on Monday. The firm has a market cap of $4.23 billion, a P/E ratio of 22.76 and a beta of 0.51. Flir Systems has a 1-year low of $25.12 and a 1-year high of $34.09. The firm’s 50-day moving average is $31.07 and its 200-day moving average is $31.47.
Flir Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, July 27th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm earned $402.70 million during the quarter, compared to the consensus estimate of $401.56 million. Flir Systems had a net margin of 11.85% and a return on equity of 12.68%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, analysts anticipate that Flir Systems will post $1.61 EPS for the current fiscal year.
In related news, VP Jeffrey Frank sold 10,000 shares of the 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 owns 21,769 shares in the company, valued at approximately $668,961.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of FLIR. Norges Bank acquired a new stake in Flir Systems during the fourth quarter worth $32,231,000. Aperio Group LLC boosted its stake in Flir Systems by 13.9% in the first quarter. Aperio Group LLC now owns 17,059 shares of the company’s stock worth $562,000 after buying an additional 2,087 shares during the period. Ngam Advisors L.P. boosted its stake in Flir Systems by 440.7% in the first quarter. Ngam Advisors L.P. now owns 85,813 shares of the company’s stock worth $2,828,000 after buying an additional 69,943 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Flir Systems by 24.4% in the first quarter. TIAA CREF Investment Management LLC now owns 617,372 shares of the company’s stock worth $20,342,000 after buying an additional 121,054 shares during the period. Finally, Teachers Advisors Inc. boosted its stake in Flir Systems by 25.7% in the first quarter. Teachers Advisors Inc. now owns 162,223 shares of the company’s stock worth $5,345,000 after buying an additional 33,162 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.
About Flir Systems
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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