Robert W. Baird began coverage on shares of Flir Systems Inc. (NASDAQ:FLIR) in a research report report published on Wednesday morning. The brokerage issued a neutral rating and a $34.00 price target on the stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Flir Systems from a hold rating to a sell rating in a research report 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 target price for the company. in a research report on Monday, July 25th. Needham & Company LLC reaffirmed a buy rating and issued a $36.00 target price on shares of Flir Systems in a research report on Tuesday, October 4th. Drexel Hamilton reaffirmed a buy rating and issued a $36.00 target price on shares of Flir Systems in a research report on Monday, October 3rd. Finally, Imperial Capital reaffirmed an outperform rating and issued a $40.00 target price on shares of Flir Systems in a research report on Friday, September 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $36.11.
Shares of Flir Systems (NASDAQ:FLIR) traded up 1.05% during midday trading on Wednesday, hitting $30.69. The stock had a trading volume of 17,082 shares. The firm has a 50-day moving average price of $31.08 and a 200-day moving average price of $31.45. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 22.65 and a beta of 0.51. Flir Systems has a 1-year low of $25.12 and a 1-year high of $34.09.
Flir Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.01. The company had revenue of $402.70 million for the quarter, compared to the consensus estimate of $401.56 million. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. On average, equities 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 transaction of $307,300.00. Following the completion of the sale, the vice president now directly owns 21,769 shares in the company, valued at $668,961.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FLIR. FIL Ltd bought a new position in Flir Systems during the second quarter valued at $36,340,000. Norges Bank bought a new position in Flir Systems during the fourth quarter valued at $32,231,000. JPMorgan Chase & Co. raised its position in Flir Systems by 885.8% in the first quarter. JPMorgan Chase & Co. now owns 1,250,862 shares of the company’s stock valued at $41,216,000 after buying an additional 1,123,969 shares during the period. Victory Capital Management Inc. raised its position in Flir Systems by 37.7% in the second quarter. Victory Capital Management Inc. now owns 2,563,092 shares of the company’s stock valued at $79,328,000 after buying an additional 701,405 shares during the period. Finally, Chartwell Investment Partners LLC bought a new position in Flir Systems during the second quarter valued at $20,335,000. Institutional investors 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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