Could FLIR Systems, Inc. (FLIR) Lose its Strength? The Stock Reaches Record High

April 17, 2018 - By Robert Crowder

FLIR Systems, Inc. (NASDAQ:FLIR) Logo

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.18, from 1.37 in 2017Q3. It fall, as 26 investors sold FLIR Systems, Inc. shares while 135 reduced holdings. 67 funds opened positions while 124 raised stakes. 121.46 million shares or 1.09% less from 122.80 million shares in 2017Q3 were reported.
Rhumbline Advisers reported 291,427 shares or 0.03% of all its holdings. Nicholas Lp reported 228,588 shares. Brown Brothers Harriman And holds 0% in FLIR Systems, Inc. (NASDAQ:FLIR) or 21 shares. Virtu Fincl Ltd Liability invested in 4,858 shares or 0.01% of the stock. Amundi Pioneer Asset Inc holds 28,469 shares. American Century, Missouri-based fund reported 168,623 shares. Shell Asset Management reported 46,081 shares. Fiduciary Company reported 0.01% stake. 8,545 were reported by Kentucky Retirement Systems. Etrade Limited Liability stated it has 4,739 shares or 0.01% of all its holdings. Rice Hall James Assoc Limited Liability Company reported 0.12% stake. Massachusetts Fin Com Ma owns 0.01% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 370,839 shares. Bluemountain Lc has 0% invested in FLIR Systems, Inc. (NASDAQ:FLIR). Ontario Teachers Pension Plan Board holds 32,371 shares or 0.02% of its portfolio. Bbva Compass Bankshares Inc reported 0.05% stake.

Since October 27, 2017, it had 0 insider buys, and 6 sales for $8.57 million activity. Another trade for 9,000 shares valued at $423,000 was sold by DUCHENE TODD M. 1,836 shares were sold by HARDING BRIAN E, worth $86,108. 11,200 shares were sold by MACDONALD ANGUS L, worth $530,320. LEWIS EARL R also sold $6.47 million worth of FLIR Systems, Inc. (NASDAQ:FLIR) shares. Shares for $530,208 were sold by WYNNE STEVEN E.

The stock of FLIR Systems, Inc. (NASDAQ:FLIR) reached all time high today, Apr, 17 and still has $55.50 target or 5.00 % above today’s $52.86 share price. This indicates more upside for the $7.34 billion company. This technical setup was reported by Barchart.com. If the $55.50 PT is reached, the company will be worth $367.15M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.34% or $0.7 during the last trading session, reaching $52.86. About 298,563 shares traded. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 39.35% since April 17, 2017 and is uptrending. It has outperformed by 27.80% the S&P500.

Analysts await FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings on April, 25. They expect $0.43 EPS, up 19.44 % or $0.07 from last year’s $0.36 per share. FLIR’s profit will be $59.73 million for 30.73 P/E if the $0.43 EPS becomes a reality. After $0.58 actual EPS reported by FLIR Systems, Inc. for the previous quarter, Wall Street now forecasts -25.86 % negative EPS growth.

FLIR Systems, Inc. (NASDAQ:FLIR) Ratings Coverage

Among 6 analysts covering Flir Systems (NASDAQ:FLIR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Flir Systems had 11 analyst reports since October 23, 2017 according to SRatingsIntel. The company was maintained on Monday, October 23 by Robert W. Baird. On Monday, January 8 the stock rating was upgraded by SunTrust to “Buy”. The rating was maintained by Robert W. Baird with “Hold” on Thursday, February 15. The firm has “Buy” rating by Stephens given on Wednesday, January 17. Seaport Global maintained FLIR Systems, Inc. (NASDAQ:FLIR) rating on Thursday, February 15. Seaport Global has “Buy” rating and $54.0 target. On Thursday, October 26 the stock rating was maintained by Needham with “Buy”. The firm earned “In-Line” rating on Thursday, March 22 by Imperial Capital. The stock has “Hold” rating by SunTrust on Thursday, October 26. The company was maintained on Friday, February 16 by Stephens. The stock of FLIR Systems, Inc. (NASDAQ:FLIR) earned “Buy” rating by Needham on Monday, March 12.

FLIR Systems, Inc. develops, designs, makes, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company has market cap of $7.34 billion. The firm operates in six divisions: Surveillance, Instruments, Security, OEM and Emerging Markets, Maritime, and Detection. It has a 68.65 P/E ratio. The Surveillance segment provides enhanced imaging and recognition solutions for various military, law enforcement, public safety, and other government clients for the protection of borders, troops, and public welfare.

FLIR Systems, Inc. (NASDAQ:FLIR) Institutional Positions Chart

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