Analysts at Needham Reconfirmed their Past ‘”Buy”’ rating on Shares Flir Systems (NASDAQ:FLIR), Set a $60.0000 Price Objective

May 18, 2018 - By Ash Ash

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 dropped, 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.

Bluemountain Capital Mngmt Limited Liability Company has 3,549 shares for 0% of their portfolio. Falcon Point Cap Limited Liability Corporation has invested 0.04% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Tiverton Asset Ltd Liability invested 0.01% in FLIR Systems, Inc. (NASDAQ:FLIR). Sun Life Fin holds 0% or 302 shares in its portfolio. Polar Asset Ptnrs holds 234,900 shares or 0.17% of its portfolio. Liberty Mutual Group Asset has invested 0.01% in FLIR Systems, Inc. (NASDAQ:FLIR). Canada Pension Plan Inv Board accumulated 105,700 shares. Moreover, Stifel Financial has 0.01% invested in FLIR Systems, Inc. (NASDAQ:FLIR). Hightower Limited Liability Company owns 22,113 shares or 0.01% of their US portfolio. Eqis accumulated 0.03% or 12,850 shares. Pictet North America Advsrs holds 45,882 shares or 0.33% of its portfolio. First Interstate Financial Bank stated it has 0% in FLIR Systems, Inc. (NASDAQ:FLIR). Cornerstone Advisors Incorporated reported 0% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Northwestern Mutual Wealth Mngmt invested 0% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Spectrum Gru stated it has 0.01% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR).

Since April 30, 2018, it had 0 buys, and 3 insider sales for $5.89 million activity. The insider Crouch William Wright sold 74,706 shares worth $4.01 million.

Flir Systems (NASDAQ:FLIR) Rating Reaffirmed

Stock analysts at Needham now has a $60.0000 PT on Flir Systems (NASDAQ:FLIR). Needham and their recent PT would indicate a potential upside of 10.21 % from the company’s last price. The rating has been revealed to clients and investors in a note on Thursday morning.

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 -2.33% below currents $54.44 stock price. FLIR Systems had 9 analyst reports since January 8, 2018 according to SRatingsIntel. As per Monday, January 8, the company rating was upgraded by SunTrust. Stephens maintained FLIR Systems, Inc. (NASDAQ:FLIR) on Friday, February 16 with “Buy” rating. The firm has “Hold” rating by Robert W. Baird given on Thursday, February 15. The company was maintained on Thursday, March 22 by Imperial Capital. Stephens maintained it with “Buy” rating and $61.0 target in Wednesday, January 17 report. Drexel Hamilton downgraded the stock to “Hold” rating in Monday, May 7 report. The rating was maintained by Needham with “Buy” on Monday, March 12. On Thursday, February 15 the stock rating was maintained by Needham with “Buy”. The firm earned “Buy” rating on Thursday, February 15 by Seaport Global.

The stock decreased 0.55% or $0.3 during the last trading session, reaching $54.44. About 696,515 shares traded. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 39.35% since May 18, 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 earnings per share, up 16.67 % or $0.07 from last year’s $0.42 per share. FLIR’s profit will be $67.24 million for 27.78 P/E if the $0.49 EPS becomes a reality. After $0.48 actual earnings per share 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 $7.47 billion. The firm operates in six divisions: Surveillance, Instruments, Security, OEM and Emerging Markets, Maritime, and Detection. It has a 70.7 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 Bizjournals.com with their article: “Flir to pay $30 million fine for federal trade violations” published on April 25, 2018, Bizjournals.com published: “Flir pours money into Texas software company in the drone space” on April 18, 2018. More interesting news about FLIR Systems, Inc. (NASDAQ:FLIR) were released by: Seekingalpha.com and their article: “Aerospace And Defense Stocks: Which Are Best Wealth-Builders?” published on May 16, 2018 as well as Businesswire.com‘s news article titled: “FLIR Introduces Saros, FLIR’s Next-Generation Outdoor Perimeter Security Camera Line for Commercial Businesses” with publication date: May 01, 2018.

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

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