Imperial Capital lowered shares of FLIR Systems (NASDAQ:FLIR) from an outperform rating to an in-line rating in a report released on Friday.

Several other brokerages also recently issued reports on FLIR. BidaskClub downgraded FLIR Systems from a buy rating to a hold rating in a report on Saturday, July 7th. Needham & Company LLC raised their price target on FLIR Systems from $60.00 to $62.00 and gave the company a buy rating in a report on Thursday, July 26th. Zacks Investment Research downgraded FLIR Systems from a hold rating to a sell rating in a report on Wednesday, July 4th. Stephens raised their price target on FLIR Systems from $61.00 to $69.00 and gave the company an overweight rating in a report on Monday, July 30th. Finally, Seaport Global Securities reaffirmed a buy rating and set a $66.00 price target on shares of FLIR Systems in a report on Thursday, July 26th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $56.75.

FLIR Systems stock traded down $0.84 during mid-day trading on Friday, hitting $55.86. 631,503 shares of the company’s stock traded hands, compared to its average volume of 707,357. FLIR Systems has a fifty-two week low of $43.06 and a fifty-two week high of $63.88. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 29.71 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.07 and a quick ratio of 2.85.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. FLIR Systems had a return on equity of 16.44% and a net margin of 6.70%. The business had revenue of $452.70 million during the quarter, compared to the consensus estimate of $429.12 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that FLIR Systems will post 2.22 earnings per share for the current fiscal year.

In other FLIR Systems news, VP Jeffrey Frank sold 42,912 shares of the stock in a transaction on 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Earl R. Lewis sold 39,508 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $59.05, for a total value of $2,332,947.40. The disclosure for this sale can be found here. Insiders have sold a total of 130,420 shares of company stock worth $7,927,485 in the last quarter. Company insiders own 2.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of FLIR. Summit Trail Advisors LLC increased its position in FLIR Systems by 3,042.2% during the 1st quarter. Summit Trail Advisors LLC now owns 103,536 shares of the scientific and technical instruments company’s stock worth $104,000 after buying an additional 100,241 shares during the period. Fort L.P. bought a new position in FLIR Systems during the 2nd quarter worth $117,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in FLIR Systems during the 2nd quarter worth $130,000. Cerebellum GP LLC bought a new position in FLIR Systems during the 2nd quarter worth $172,000. Finally, Almanack Investment Partners LLC. bought a new position in FLIR Systems during the 2nd quarter worth $185,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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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