Raymond James Financial, Inc. Lowers FLIR Systems, Inc. (FLIR) to Market Perform
FLIR has been the topic of a number of other research reports. Robert W. Baird restated a neutral rating and issued a $34.00 target price on shares of FLIR Systems in a research report on Friday, January 20th. Zacks Investment Research lowered shares of FLIR Systems from a hold rating to a sell rating in a research report on Tuesday, December 27th. SunTrust Banks, Inc. began coverage on shares of FLIR Systems in a research report on Thursday, January 19th. They issued a hold rating and a $35.00 target price on the stock. Imperial Capital cut their target price on shares of FLIR Systems from $40.00 to $36.00 and set an outperform rating on the stock in a research report on Friday, November 4th. Finally, Needham & Company LLC raised their target price on shares of FLIR Systems from $36.00 to $40.00 and gave the company a buy rating in a research report on Thursday, December 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $36.80.
Shares of FLIR Systems (NASDAQ:FLIR) opened at 36.40 on Tuesday. The firm has a market cap of $4.96 billion, a PE ratio of 30.33 and a beta of 0.52. FLIR Systems has a 12 month low of $28.26 and a 12 month high of $37.22. The stock has a 50 day moving average price of $35.70 and a 200 day moving average price of $33.33.
FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Tuesday, February 14th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by $0.02. The firm earned $474.70 million during the quarter, compared to the consensus estimate of $453.63 million. FLIR Systems had a net margin of 10.79% and a return on equity of 12.80%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share. On average, equities research analysts expect that FLIR Systems will post $1.79 EPS for the current year.
This article was posted by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The correct version of this article can be viewed at http://www.dailypolitical.com/2017/02/17/raymond-james-financial-inc-lowers-flir-systems-inc-flir-to-market-perform.html.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Friday, February 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.12. FLIR Systems’s dividend payout ratio (DPR) is currently 37.50%.
A number of hedge funds have recently modified their holdings of FLIR. Nordea Investment Management AB raised its stake in shares of FLIR Systems by 9.6% in the second quarter. Nordea Investment Management AB now owns 3,763 shares of the company’s stock worth $116,000 after buying an additional 331 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of FLIR Systems during the third quarter worth approximately $126,000. Toronto Dominion Bank raised its position in shares of FLIR Systems by 431.0% in the third quarter. Toronto Dominion Bank now owns 4,014 shares of the company’s stock worth $126,000 after buying an additional 3,258 shares during the period. SRB Corp raised its position in shares of FLIR Systems by 6.4% in the third quarter. SRB Corp now owns 5,017 shares of the company’s stock worth $158,000 after buying an additional 303 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of FLIR Systems by 17.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,137 shares of the company’s stock worth $180,000 after buying an additional 746 shares during the period. Hedge funds and other institutional investors own 90.79% of the company’s stock.
FLIR Systems Company Profile
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
Receive News & Ratings for FLIR Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.