FLIR Systems (FLIR) is Initiated by Seaport Global Securities to Buy, Price Target at $36

FLIR Systems (FLIR) was Initiated by Seaport Global Securities to “Buy” and the brokerage firm has set the Price Target at $36. Seaport Global Securities advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on FLIR Systems. FLIR Systems was Downgraded by Raymond James to ” Outperform” on Jul 25, 2016.

On the company’s financial health, FLIR Systems reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $402.73 million for the quarter, compared to analysts expectations of $402.77 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

FLIR Systems closed down -0.32 points or -1.04% at $30.37 with 6,51,712 shares getting traded on Friday. Post opening the session at $30.9, the shares hit an intraday low of $30.23 and an intraday high of $31.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 12, 2016, Jeffrey Frank (Vice President, Global Product) sold 10,000 shares at $30.73 per share price. According to the SEC, on Jun 6, 2016, Earl R Lewis (director) sold 52,288 shares at $30.99 per share price. On Jun 6, 2016, Angus L Macdonald (director) sold 5,340 shares at $31.10 per share price, according to the Form-4 filing with the securities and exchange commission.

FLIR Systems Inc. (FLIR) 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 operating segments include: Surveillance Instruments OEM and Emerging Markets Maritime Security and Detection. The Surveillance segment provides enhanced imaging and recognition solutions. The Instruments segments provide devices that image measure and assess thermal energy gases and related elements. The OEM and Emerging Markets segment provides thermal imaging camera cores and components. The Maritime segment develops and manufactures electronics and imaging instruments. The Security segment develops and manufactures cameras and video recording systems. The Detection segment offers sensors instruments and integrated platform solutions for the detection identification and suppression of chemical and other related threats.

FLIR Systems

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