FLIR Systems, Inc. (FLIR) Receives $57.80 Average Target Price from Analysts

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) have been given an average recommendation of “Hold” by the ten research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $57.80.

Several analysts have weighed in on FLIR shares. Needham & Company LLC dropped their price objective on FLIR Systems from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, November 1st. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Imperial Capital dropped their price objective on FLIR Systems from $60.00 to $51.00 and set an “in-line” rating for the company in a report on Thursday, November 1st. They noted that the move was a valuation call.

In other news, VP Jeffrey Frank sold 42,912 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $62.19, for a total transaction of $2,668,697.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Todd M. Duchene sold 1,000 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $62.95, for a total value of $62,950.00. Following the transaction, the senior vice president now owns 38,453 shares of the company’s stock, valued at $2,420,616.35. The disclosure for this sale can be found here. Insiders have sold a total of 44,912 shares of company stock valued at $2,787,277 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of FLIR. Fort L.P. acquired a new position in shares of FLIR Systems during the 2nd quarter worth about $117,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of FLIR Systems during the 2nd quarter worth about $130,000. Zions Bancorporation acquired a new position in shares of FLIR Systems during the 3rd quarter worth about $130,000. Almanack Investment Partners LLC. acquired a new position in shares of FLIR Systems in the 2nd quarter valued at approximately $185,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of FLIR Systems in the 3rd quarter valued at approximately $206,000. Institutional investors own 92.56% of the company’s stock.

Shares of NASDAQ:FLIR opened at $45.86 on Thursday. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 21.04 and a beta of 1.10. FLIR Systems has a 1-year low of $44.38 and a 1-year high of $63.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.21 and a quick ratio of 3.04.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The firm had revenue of $434.89 million during the quarter, compared to analysts’ expectations of $445.46 million. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. As a group, sell-side analysts expect that FLIR Systems will post 2.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.40%. FLIR Systems’s payout ratio is currently 34.04%.

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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