SunTrust Banks upgraded shares of FLIR Systems (NASDAQ:FLIR) from a hold rating to a buy rating in a report released on Monday, January 8th, Marketbeat reports. SunTrust Banks currently has $43.00 price target 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.
A number of other equities analysts have also recently weighed in on FLIR. Zacks Investment Research cut shares of FLIR Systems from a buy rating to a hold rating in a research 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 research report on Thursday, October 26th. Raymond James Financial lifted their price objective on shares of FLIR Systems to $60.00 and gave the company a strong-buy rating in a research report on Wednesday, October 25th. ValuEngine downgraded FLIR Systems from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Robert W. Baird reissued a hold rating and issued a $34.00 target price on shares of FLIR Systems in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $46.83.
Shares of FLIR Systems (NASDAQ:FLIR) opened at $50.85 on Monday. 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 has a twelve month low of $33.75 and a twelve month high of $51.09. The company has a market cap of $6,975.83, a PE ratio of 31.98 and a beta of 0.63.
FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $464.70 million for the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. FLIR Systems’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. sell-side analysts expect that FLIR Systems will post 1.86 earnings per share for the current year.
In other news, Director Steven E. Wynne sold 11,200 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Todd M. Duchene sold 9,000 shares of the firm’s stock in a transaction that occurred on 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 directly 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 valued at $1,039,316 over the last ninety days. Company insiders own 3.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. Commonwealth Bank of Australia grew its holdings 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 worth $111,000 after purchasing an additional 400 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of FLIR Systems during the 2nd quarter worth approximately $116,000. CrestPoint Capital Management LLC bought a new position in shares of FLIR Systems during the 4th quarter worth approximately $210,000. Sei Investments Co. lifted its position in shares of 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, ETF Managers Group LLC bought a new position in shares of FLIR Systems during the 2nd quarter worth approximately $171,000. 92.95% of the stock is currently owned by institutional investors.
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 threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.