FLIR Systems, Inc. (FLIR) Receives Consensus Rating of “Buy” from Brokerages

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) have been given a consensus rating of “Buy” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $51.17.

FLIR has been the topic of several research reports. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Tuesday, January 9th. SunTrust Banks upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Monday, January 8th. Needham & Company LLC reiterated a “buy” rating and issued a $58.00 target price (up previously from $56.00) on shares of FLIR Systems in a research report on Monday, March 12th. Finally, ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

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FLIR stock traded down $0.37 during trading on Friday, hitting $49.19. 1,227,827 shares of the stock traded hands, compared to its average volume of 1,090,268. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.57 and a current ratio of 3.51. The stock has a market cap of $6,884.86, a PE ratio of 63.06 and a beta of 0.68. FLIR Systems has a 12-month low of $33.95 and a 12-month high of $52.88.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $494.80 million for the quarter, compared to analysts’ expectations of $501.44 million. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. equities research analysts forecast that FLIR Systems will post 2.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s dividend payout ratio (DPR) is presently 82.05%.

A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB raised its position in FLIR Systems by 15.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 12,815 shares of the scientific and technical instruments company’s stock worth $597,000 after purchasing an additional 1,688 shares during the period. Envestnet Asset Management Inc. grew its holdings in FLIR Systems by 10.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,631 shares of the scientific and technical instruments company’s stock worth $822,000 after acquiring an additional 1,625 shares during the last quarter. Pier Capital LLC bought a new stake in FLIR Systems in the 4th quarter worth $337,000. Segall Bryant & Hamill LLC grew its holdings in FLIR Systems by 140.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 1,730,541 shares of the scientific and technical instruments company’s stock worth $80,678,000 after acquiring an additional 1,011,871 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in FLIR Systems in the 4th quarter worth $1,999,000. Institutional investors own 92.93% 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.

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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