FLIR Systems (NASDAQ:FLIR) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

FLIR has been the topic of a number of other reports. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Monday, January 8th. ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Finally, Raymond James Financial lifted their target price on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.83.

Shares of FLIR Systems (NASDAQ:FLIR) opened at $52.40 on Friday. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $7,200.00, a PE ratio of 33.16 and a beta of 0.63. FLIR Systems has a twelve month low of $33.75 and a twelve month high of $52.44.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. equities research analysts predict that FLIR Systems will post 1.86 EPS for the current year.

In other news, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total value of $530,208.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total value of $86,108.40. Following the completion of the sale, the vice president now directly owns 6,646 shares in the company, valued at $311,697.40. The disclosure for this sale can be found here. Insiders sold 22,036 shares of company stock worth $1,039,316 over the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. purchased a new position in FLIR Systems in the third quarter worth about $261,000. Cardinal Capital Management grew its position in FLIR Systems by 10.0% in the third quarter. Cardinal Capital Management now owns 16,653 shares of the scientific and technical instruments company’s stock worth $647,000 after acquiring an additional 1,510 shares in the last quarter. Asset Management One Co. Ltd. grew its position in FLIR Systems by 31.7% in the third quarter. Asset Management One Co. Ltd. now owns 273,830 shares of the scientific and technical instruments company’s stock worth $10,662,000 after acquiring an additional 65,957 shares in the last quarter. Grandfield & Dodd LLC purchased a new position in FLIR Systems in the third quarter worth about $1,357,000. Finally, APG Asset Management N.V. grew its position in FLIR Systems by 58.5% in the third quarter. APG Asset Management N.V. now owns 169,868 shares of the scientific and technical instruments company’s stock worth $6,610,000 after acquiring an additional 62,700 shares in the last quarter. Institutional investors own 92.95% of the company’s stock.

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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.

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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