FLIR Systems (NASDAQ:FLIR) was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, The Fly reports.

FLIR has been the subject of several other reports. Drexel Hamilton cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, July 23rd. Seaport Global Securities reiterated a “buy” rating and set a $66.00 target price on shares of FLIR Systems in a research note on Thursday, July 26th. BidaskClub cut shares of FLIR Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 13th. Finally, Needham & Company LLC upped their target price on shares of FLIR Systems from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 17th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.75.

Shares of FLIR Systems stock traded up $0.68 on Monday, reaching $60.85. The stock had a trading volume of 4,168 shares, compared to its average volume of 1,019,443. The company has a current ratio of 4.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.23. FLIR Systems has a fifty-two week low of $37.18 and a fifty-two week high of $60.71. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 32.01 and a beta of 0.67.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.06. FLIR Systems had a net margin of 6.70% and a return on equity of 16.44%. The business had revenue of $452.70 million during the quarter, compared to analysts’ expectations of $429.12 million. During the same period in the previous year, the company earned $0.42 earnings per share. FLIR Systems’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts predict that FLIR Systems will post 2.21 earnings per share for the current year.

In other FLIR Systems news, VP Jeffrey Frank sold 3,526 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $54.16, for a total value of $190,968.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Todd M. Duchene sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $60.01, for a total transaction of $60,010.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,078 shares of company stock valued at $4,280,720. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its holdings in FLIR Systems by 1.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 58,585 shares of the scientific and technical instruments company’s stock valued at $2,930,000 after buying an additional 1,026 shares during the period. Pettee Investors Inc. increased its holdings in FLIR Systems by 5.8% in the 1st quarter. Pettee Investors Inc. now owns 19,749 shares of the scientific and technical instruments company’s stock valued at $988,000 after buying an additional 1,083 shares during the period. Perigon Wealth Management LLC increased its holdings in FLIR Systems by 2.7% in the 1st quarter. Perigon Wealth Management LLC now owns 45,649 shares of the scientific and technical instruments company’s stock valued at $2,283,000 after buying an additional 1,205 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of FLIR Systems by 2.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,868 shares of the scientific and technical instruments company’s stock worth $2,280,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of FLIR Systems by 54.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,586 shares of the scientific and technical instruments company’s stock worth $186,000 after purchasing an additional 1,265 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

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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