FLIR Systems (FLIR) Stock Rating Upgraded by BidaskClub
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.
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.
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.