Shares of FLIR Systems (NASDAQ:FLIR) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $51.17.
A number of equities analysts recently commented on FLIR shares. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, January 8th. Stephens set a $59.00 target price on FLIR Systems and gave the stock a “buy” rating in a report on Friday, February 16th. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, January 9th. Finally, Needham & Company LLC raised their target price on FLIR Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 15th.
A number of hedge funds have recently modified their holdings of FLIR. Millennium Management LLC increased its stake in FLIR Systems by 165.4% in the 4th quarter. Millennium Management LLC now owns 2,230,146 shares of the scientific and technical instruments company’s stock worth $103,969,000 after buying an additional 1,389,832 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake 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 buying an additional 1,011,871 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new stake in FLIR Systems in the 4th quarter worth $28,806,000. Goldman Sachs Group Inc. increased its stake in FLIR Systems by 47.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,286,131 shares of the scientific and technical instruments company’s stock worth $59,960,000 after buying an additional 416,160 shares in the last quarter. Finally, First Quadrant L P CA increased its stake in FLIR Systems by 1,279.9% in the 4th quarter. First Quadrant L P CA now owns 348,176 shares of the scientific and technical instruments company’s stock worth $16,232,000 after buying an additional 322,944 shares in the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.
Shares of NASDAQ FLIR traded up $0.26 during midday trading on Wednesday, hitting $53.21. 87,494 shares of the stock traded hands, compared to its average volume of 1,007,212. The stock has a market capitalization of $7,246.05, a price-to-earnings ratio of 28.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.51 and a quick ratio of 2.57. FLIR Systems has a one year low of $33.95 and a one year high of $53.24.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. The firm had revenue of $494.80 million for the quarter, compared to analysts’ expectations of $501.44 million. During the same period in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. equities research analysts anticipate that FLIR Systems will post 2.1 EPS for the current year.
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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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