FLIR Systems, Inc. (NASDAQ:FLIR) has received a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $56.29.

Several research firms have recently issued reports on FLIR. BidaskClub downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, July 23rd. Seaport Global Securities restated a “buy” rating and set a $66.00 price objective on shares of FLIR Systems in a report on Thursday, July 26th. Stephens upped their price objective on shares of FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, July 30th. Finally, Needham & Company LLC upped their price objective on shares of FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, July 26th.

In related news, SVP Todd M. Duchene sold 3,844 shares of the stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $54.50, for a total value of $209,498.00. Following the transaction, the senior vice president now owns 37,453 shares in the company, valued at approximately $2,041,188.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Earl R. Lewis sold 39,508 shares of the stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $59.05, for a total transaction of $2,332,947.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,264 shares of company stock worth $8,081,353. 2.00% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of FLIR. Morgan Stanley increased its holdings in FLIR Systems by 217.7% in the 2nd quarter. Morgan Stanley now owns 957,781 shares of the scientific and technical instruments company’s stock worth $49,776,000 after buying an additional 656,278 shares during the period. Argent Capital Management LLC increased its holdings in FLIR Systems by 109.6% in the 2nd quarter. Argent Capital Management LLC now owns 1,230,485 shares of the scientific and technical instruments company’s stock worth $63,948,000 after buying an additional 643,290 shares during the period. Janus Henderson Group PLC increased its holdings in FLIR Systems by 846.8% in the 2nd quarter. Janus Henderson Group PLC now owns 633,637 shares of the scientific and technical instruments company’s stock worth $32,930,000 after buying an additional 566,711 shares during the period. Artisan Partners Limited Partnership increased its holdings in FLIR Systems by 23.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,101,834 shares of the scientific and technical instruments company’s stock worth $109,232,000 after buying an additional 394,412 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in FLIR Systems by 47.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,100,685 shares of the scientific and technical instruments company’s stock worth $57,202,000 after buying an additional 354,091 shares during the period. Institutional investors own 90.58% of the company’s stock.

FLIR opened at $56.06 on Wednesday. FLIR Systems has a 52-week low of $42.33 and a 52-week high of $63.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.85 and a current ratio of 4.07. The stock has a market cap of $8.48 billion, a PE ratio of 29.82 and a beta of 0.68.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. FLIR Systems had a net margin of 6.70% and a return on equity of 16.44%. The firm had revenue of $452.70 million for the quarter, compared to the consensus estimate of $429.12 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts anticipate that FLIR Systems will post 2.22 earnings per share for the current fiscal year.

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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Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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