BidaskClub upgraded shares of FLIR Systems (NASDAQ:FLIR) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

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

Shares of FLIR Systems (NASDAQ FLIR) traded up $1.05 during trading hours on Friday, hitting $52.40. 1,470,000 shares of the stock were exchanged, compared to its average volume of 668,764. The stock has a market capitalization of $7,261.28, a price-to-earnings ratio of 28.79 and a beta of 0.63. FLIR Systems has a fifty-two week low of $33.75 and a fifty-two week high of $52.44. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22.

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

In related news, SVP Todd M. Duchene sold 9,000 shares of FLIR Systems stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $47.00, for a total transaction of $423,000.00. Following the transaction, the senior vice president now directly owns 29,767 shares of the company’s stock, valued at $1,399,049. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $47.34, for a total transaction of $530,208.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,036 shares of company stock worth $1,039,316. 3.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of FLIR. AustralianSuper Pty Ltd purchased a new position in FLIR Systems during the third quarter valued at approximately $82,147,000. Cramer Rosenthal Mcglynn LLC grew its holdings in FLIR Systems by 153.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock worth $105,326,000 after purchasing an additional 1,841,965 shares during the last quarter. Permian Investment Partners LP purchased a new position in FLIR Systems in the third quarter worth $59,964,000. Findlay Park Partners LLP grew its holdings in FLIR Systems by 38.3% in the third quarter. Findlay Park Partners LLP now owns 2,165,000 shares of the scientific and technical instruments company’s stock worth $84,240,000 after purchasing an additional 600,000 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in FLIR Systems by 6.6% in the second quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after purchasing an additional 576,951 shares during the last quarter. 92.95% of the stock is currently owned by institutional investors.

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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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