Raymond James Financial, Inc. downgraded shares of FLIR Systems, Inc. (NASDAQ:FLIR) from an outperform rating to a market perform rating in a research report report published on Tuesday.

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.

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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.

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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.

5 Day Chart for NASDAQ:FLIR

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