The stock of FLIR Systems, Inc. (NASDAQ:FLIR) hit a new 52-week high and has $38.74 target or 9.00% above today’s $35.54 share price. The 8 months bullish chart indicates low risk for the $4.93 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $38.74 price target is reached, the company will be worth $443.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 420,431 shares traded hands. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 16.78% since April 28, 2016 and is uptrending. It has outperformed by 10.86% the S&P500.
Analysts await FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings on February, 9. They expect $0.56 EPS, up 19.15% or $0.09 from last year’s $0.47 per share. FLIR’s profit will be $77.68 million for 15.87 P/E if the $0.56 EPS becomes a reality. After $0.43 actual EPS reported by FLIR Systems, Inc. for the previous quarter, Wall Street now forecasts 30.23% EPS growth.
FLIR Systems, Inc. (NASDAQ:FLIR) Ratings Coverage
Out of 8 analysts covering FLIR Systems (NASDAQ:FLIR), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. FLIR Systems has been the topic of 8 analyst reports since October 29, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, November 4 by Imperial Capital. The rating was initiated by Stephens with “Equal-Weight” on Friday, January 15. The firm has “Strong Buy” rating by Raymond James given on Tuesday, January 5. Needham maintained the stock with “Buy” rating in Tuesday, December 1 report. Seaport Global Securities initiated FLIR Systems, Inc. (NASDAQ:FLIR) on Friday, October 7 with “Buy” rating. On Monday, January 4 the stock rating was upgraded by Goldman Sachs to “Buy”. Robert W. Baird initiated FLIR Systems, Inc. (NASDAQ:FLIR) on Thursday, October 6 with “Outperform” rating.
According to Zacks Investment Research, “FLIR Systems, Inc. designs, manufactures and markets thermal imaging and broadcast camera systems for applications in the commercial and government markets. The company’s products come in a variety of configurations such as handheld or ground-based systems, as well as systems mounted on ships, helicopters and airplanes. Their thermal imaging systems use infrared technologies that detect infrared radiation, or heat, enabling the operator to measure minute temperature differences and to see objects in daylight or total darkness and through smoke, haze and most types of fog.”
Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.06, from 0.95 in 2016Q1. The ratio improved, as 38 funds sold all FLIR Systems, Inc. shares owned while 121 reduced positions. 34 funds bought stakes while 117 increased positions. They now own 122.55 million shares or 5.66% less from 129.90 million shares in 2016Q1.
Courier Corp accumulated 7,730 shares or 0.05% of the stock. Cibc Asset Mgmt Incorporated, a Ontario – Canada-based fund reported 12,640 shares. Atlanta Capital Mngmt Co L L C accumulated 3.88M shares or 0.8% of the stock. Tarbox last reported 36 shares in the company. Pnc Group Inc has invested 0% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Rice Hall James Ltd Liability has 0.17% invested in the company for 95,102 shares. Checchi Capital Advisers Ltd Llc holds 1,060 shares or 0% of its portfolio. The Illinois-based Northern Trust Corporation has invested 0.01% in FLIR Systems, Inc. (NASDAQ:FLIR). Bahl Gaynor accumulated 0.03% or 68,942 shares. Zebra Capital Management Lc last reported 0.12% of its portfolio in the stock. Loomis Sayles Ltd Partnership holds 0.04% or 448,492 shares in its portfolio. Ny State Teachers Retirement has 256,268 shares for 0.02% of their US portfolio. Amp Investors Ltd holds 102,463 shares or 0.02% of its portfolio. Westpac Bk owns 7,465 shares or 0% of their US portfolio. Macquarie Group Inc Limited has invested 0.01% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR).
Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 5 selling transactions for $3.32 million net activity. Shares for $166,074 were sold by MACDONALD ANGUS L. 52,000 shares were sold by LEWIS EARL R, worth $1.68M on Thursday, November 3. On Thursday, July 28 HARDING BRIAN E sold $17,853 worth of the stock or 541 shares. 20,000 shares with value of $653,200 were sold by CARTER JOHN D on Friday, October 28. $307,300 worth of FLIR Systems, Inc. (NASDAQ:FLIR) shares were sold by FRANK JEFFREY.
More recent FLIR Systems, Inc. (NASDAQ:FLIR) news were published by: Nasdaq.com which released: “FLIR Systems, Inc. (FLIR) Ex-Dividend Date Scheduled for November 16, 2016” on November 15, 2016. Also Fool.com published the news titled: “FLIR Systems Stock Flies on Earnings Miss” on November 01, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Navigators Group, Diebold and FLIR Systems” with publication date: November 14, 2016 was also an interesting one.
FLIR Company Profile
FLIR Systems, Inc. (FLIR), incorporated on March 8, 1978, 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 divisions include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection. The Company’s Surveillance segment provides enhanced imaging and recognition solutions under its commercially developed, military qualified (CDMQ) model to a range of military, law enforcement, public safety and other government customers. The Company’s Instruments segment provides devices that image, measure and assess thermal energy, gases and other environmental elements for industrial, commercial, and scientific applications under the FLIR and Extech brands. The Company’s Security segment develops and makes a range of cameras and video recording systems for use in commercial, critical infrastructure, and home monitoring applications. The Company’s OEM & Emerging Markets segment provides thermal imaging camera cores and components that are utilized by third parties to create thermal and other types of imaging systems. The Company’s Maritime segment develops and makes electronics and imaging instruments for the recreational and commercial maritime market under the FLIR and Raymarine brands. The Detection segment offers sensors, instruments and integrated platform solutions for the detection, identification, and suppression of chemical, biological, radiological, nuclear and explosives (CBRNE) threats.
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