New York: FLIR Systems (NASDAQ:FLIR) Stock Has Just Had Its Buy Rating Reiterated by Needham. Shares now Have a $60 Target

May 17, 2018 - By Duane Lopez

FLIR Systems, Inc. (NASDAQ:FLIR) Logo

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.18, from 1.37 in 2017Q3. It is negative, 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.

Riverhead Capital Management Ltd accumulated 27,999 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt holds 425,800 shares or 0.17% of its portfolio. Los Angeles Capital Management Equity Research Incorporated invested in 95,999 shares or 0.02% of the stock. Commonwealth Financial Bank Of Aus invested 0% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Envestnet Asset Management Inc reported 17,631 shares. Gradient Invests Lc reported 0% in FLIR Systems, Inc. (NASDAQ:FLIR). Amundi Pioneer Asset Mgmt has 28,469 shares for 0% of their portfolio. World Asset Mgmt Inc reported 0.02% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Prudential reported 0.01% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Raymond James Tru Na invested 0.02% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Advisors Asset Mgmt accumulated 26,004 shares. Canada Pension Plan Investment Board has invested 0.01% in FLIR Systems, Inc. (NASDAQ:FLIR). The California-based Wcm Ca has invested 0.06% in FLIR Systems, Inc. (NASDAQ:FLIR). Pitcairn Co has 0.04% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 8,565 shares. Crestpoint Capital Mngmt Limited Liability has 4,500 shares for 0.12% of their portfolio.

Since April 30, 2018, it had 0 insider purchases, and 3 insider sales for $5.89 million activity. Another trade for 74,706 shares valued at $4.01M was made by Crouch William Wright on Monday, April 30.

FLIR Systems (NASDAQ:FLIR) Rating Reaffirmed

The company has just set a TP of $60 on FLIR Systems (NASDAQ:FLIR) shares. This is 9.87 % from the close price. In a note sent to clients and investors on Thursday, 17 May, Needham reaffirmed their Buy rating on shares of FLIR.

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

Among 7 analysts covering FLIR Systems (NASDAQ:FLIR), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. FLIR Systems has $61.0 highest and $52.0 lowest target. $53.17’s average target is -2.64% below currents $54.61 stock price. FLIR Systems had 9 analyst reports since January 8, 2018 according to SRatingsIntel. The company was maintained on Wednesday, January 17 by Stephens. The rating was downgraded by Drexel Hamilton to “Hold” on Monday, May 7. On Thursday, March 22 the stock rating was maintained by Imperial Capital with “In-Line”. Needham maintained FLIR Systems, Inc. (NASDAQ:FLIR) rating on Monday, March 12. Needham has “Buy” rating and $58.0 target. The firm has “Buy” rating by Seaport Global given on Thursday, February 15. The stock has “Buy” rating by Stephens on Friday, February 16. On Monday, January 8 the stock rating was upgraded by SunTrust to “Buy”. The rating was maintained by Needham with “Buy” on Thursday, February 15. Robert W. Baird maintained it with “Hold” rating and $52.0 target in Thursday, February 15 report.

The stock decreased 0.24% or $0.13 during the last trading session, reaching $54.61. About 406,651 shares traded. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 39.35% since May 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 July, 25. They expect $0.49 EPS, up 16.67 % or $0.07 from last year’s $0.42 per share. FLIR’s profit will be $67.23 million for 27.86 P/E if the $0.49 EPS becomes a reality. After $0.48 actual EPS reported by FLIR Systems, Inc. for the previous quarter, Wall Street now forecasts 2.08 % EPS growth.

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 $7.49 billion. The firm operates in six divisions: Surveillance, Instruments, Security, OEM and Emerging Markets, Maritime, and Detection. It has a 70.92 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.

More notable recent FLIR Systems, Inc. (NASDAQ:FLIR) news were published by: Nasdaq.com which released: “Report: Exploring Fundamental Drivers Behind Urban Edge Properties, FLIR, Zogenix, Watts Water Technologies …” on April 25, 2018, also Streetinsider.com with their article: “FLIR Systems, Inc. (FLIR) PT Raised to $60 at Needham & Company Following Investor Day” published on May 17, 2018, Businesswire.com published: “FLIR Introduces Saros, FLIR’s Next-Generation Outdoor Perimeter Security Camera Line for Commercial Businesses” on May 01, 2018. More interesting news about FLIR Systems, Inc. (NASDAQ:FLIR) were released by: Bizjournals.com and their article: “Flir pours money into Texas software company in the drone space” published on April 18, 2018 as well as Seekingalpha.com‘s news article titled: “Aerospace And Defense Stocks: Which Are Best Wealth-Builders?” with publication date: May 16, 2018.

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

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