FLIR Systems, Inc. (NASDAQ:FLIR) had its price objective increased by Imperial Capital from $36.00 to $38.00 in a research report released on Wednesday. The brokerage currently has an outperform rating on the stock.
Several other research firms also recently weighed in on FLIR. Robert W. Baird reiterated a neutral rating and issued a $34.00 target price on shares of FLIR Systems in a research note on Friday, January 20th. Zacks Investment Research downgraded shares of FLIR Systems from a hold rating to a sell rating in a research note on Tuesday, December 27th. SunTrust Banks, Inc. initiated coverage on shares of FLIR Systems in a research note on Thursday, January 19th. They issued a hold rating and a $35.00 target price for the company. Raymond James Financial, Inc. cut shares of FLIR Systems from an outperform rating to a market perform rating in a research note on Tuesday. Finally, Needham & Company LLC boosted their price objective on shares of FLIR Systems from $36.00 to $40.00 and gave the company a buy rating in a research note on Thursday, December 1st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $36.60.
FLIR Systems (NASDAQ:FLIR) opened at 34.15 on Wednesday. The company has a market cap of $4.65 billion, a P/E ratio of 26.85 and a beta of 0.52. FLIR Systems has a 52 week low of $27.98 and a 52 week high of $37.22. The company has a 50-day moving average of $35.69 and a 200 day moving average of $33.29.
FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Tuesday, February 14th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.02. The business earned $474.70 million during the quarter, compared to analysts’ expectations of $453.63 million. FLIR Systems had a return on equity of 12.80% and a net margin of 10.79%. FLIR Systems’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. On average, equities analysts forecast that FLIR Systems will post $1.61 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 24th will be issued a dividend of $0.15 per share. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, February 22nd. FLIR Systems’s dividend payout ratio is currently 37.50%.
A number of large investors have recently bought and sold shares of the stock. Nordea Investment Management AB raised its stake in 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. purchased a new stake in FLIR Systems during the third quarter worth approximately $126,000. Toronto Dominion Bank raised its stake in 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 in the last quarter. SRB Corp raised its stake in 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 in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in 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 in the last quarter. Institutional investors own 90.79% of the company’s stock.
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 advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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