Other equities research analysts also recently issued reports about the stock. Imperial Capital raised shares of FLIR Systems from an in-line rating to an outperform rating and upped their price target for the company from $56.00 to $57.00 in a report on Wednesday, May 22nd. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $62.43.
Shares of NASDAQ FLIR opened at $54.05 on Thursday. FLIR Systems has a twelve month low of $40.52 and a twelve month high of $63.88. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7.32 billion, a P/E ratio of 24.35 and a beta of 1.18. The firm has a 50-day simple moving average of $52.62.
In other FLIR Systems news, Director Earl R. Lewis sold 23,116 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $51.33, for a total transaction of $1,186,544.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven E. Wynne sold 10,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $52.53, for a total value of $525,300.00. Following the sale, the director now owns 484,031 shares in the company, valued at approximately $25,426,148.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,121 shares of company stock worth $3,358,586. Corporate insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Osborn Williams & Donohoe LLC acquired a new stake in FLIR Systems during the 1st quarter worth about $39,000. CSat Investment Advisory L.P. raised its holdings in FLIR Systems by 147.2% during the 4th quarter. CSat Investment Advisory L.P. now owns 964 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 574 shares during the period. Truvestments Capital LLC acquired a new stake in FLIR Systems during the 1st quarter worth about $59,000. Bessemer Group Inc. increased its holdings in shares of FLIR Systems by 18.2% in the 4th quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock valued at $63,000 after purchasing an additional 224 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of FLIR Systems by 340.6% in the 1st quarter. Quadrant Capital Group LLC now owns 1,542 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 1,192 shares during the period. Hedge funds and other institutional investors own 90.44% of the company’s stock.
About FLIR Systems
FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.
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