FLIR Systems (FLIR) Raised to “Buy” at ValuEngine
ValuEngine upgraded shares of FLIR Systems (NASDAQ:FLIR) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.
A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded 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 price objective on the stock in a research report on Monday, January 8th. BidaskClub raised shares of FLIR Systems from a hold rating to a buy rating in a research report on Saturday, January 20th. Stephens set a $59.00 price objective on shares of FLIR Systems and gave the stock a buy rating in a research report on Friday, February 16th. Finally, Needham & Company LLC raised their price objective on shares of FLIR Systems from $50.00 to $56.00 and gave the stock a buy rating in a research report on Thursday, February 15th. Two 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. The stock currently has a consensus rating of Buy and a consensus price target of $51.33.
FLIR Systems (FLIR) traded down $0.23 during midday trading on Thursday, hitting $48.93. 1,040,000 shares of the company were exchanged, compared to its average volume of 1,094,722. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.51 and a quick ratio of 2.57. The stock has a market cap of $6,797.36, a P/E ratio of 62.73 and a beta of 0.68. FLIR Systems has a 1 year low of $33.95 and a 1 year high of $52.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.16 per share. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, February 22nd. FLIR Systems’s dividend payout ratio (DPR) is presently 82.05%.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in FLIR Systems by 2.8% during the 4th quarter. BlackRock Inc. now owns 9,950,564 shares of the scientific and technical instruments company’s stock worth $463,895,000 after purchasing an additional 274,312 shares during the last quarter. Millennium Management LLC lifted its stake in shares of FLIR Systems by 165.4% in the 4th quarter. Millennium Management LLC now owns 2,230,146 shares of the scientific and technical instruments company’s stock worth $103,969,000 after acquiring an additional 1,389,832 shares during the period. Findlay Park Partners LLP lifted its stake in shares of FLIR Systems by 38.3% in the 3rd 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 acquiring an additional 600,000 shares during the period. Earnest Partners LLC lifted its stake in shares of FLIR Systems by 0.7% in the 3rd quarter. Earnest Partners LLC now owns 2,143,629 shares of the scientific and technical instruments company’s stock worth $83,409,000 after acquiring an additional 14,956 shares during the period. Finally, Chevy Chase Trust Holdings Inc. lifted its stake in shares of FLIR Systems by 4.5% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 2,118,720 shares of the scientific and technical instruments company’s stock worth $82,451,000 after acquiring an additional 90,956 shares during the period. 90.32% of the stock is currently owned by institutional investors.
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FLIR Systems Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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