Could FLIR Systems, Inc. (FLIR) Go Down After Achieving 52-Week High?

September 17, 2017 - By Louis Casey

Investors sentiment increased to 1.03 in Q4 2016. Its up 0.02, from 1.01 in 2016Q3. It is positive, as 31 investors sold FLIR Systems, Inc. shares while 126 reduced holdings. 51 funds opened positions while 110 raised stakes. 118.40 million shares or 1.23% less from 119.88 million shares in 2016Q3 were reported.
Schroder Invest Mgmt Group Incorporated reported 0.02% in FLIR Systems, Inc. (NASDAQ:FLIR). Ngam Advisors Limited Partnership holds 0.04% or 86,544 shares. Toronto Dominion Bancshares accumulated 23,484 shares. Bokf Na has 1,267 shares for 0% of their portfolio. Moreover, Price T Rowe Associates Inc Md has 0% invested in FLIR Systems, Inc. (NASDAQ:FLIR). First Personal Fincl Ser has invested 0% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Pnc Financial Serv Gru Incorporated owns 6,050 shares or 0% of their US portfolio. Fiduciary Tru reported 6,054 shares. Moreover, Apg Asset Mngmt Nv has 0.01% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 145,544 shares. Calvert Invest Management holds 221,537 shares or 0.3% of its portfolio. 106,639 are owned by Hsbc Holdg Pcl. Alexandria Cap Limited Liability Company holds 950 shares. Rice Hall James & Associates Lc owns 91,547 shares. Asset Management has 0.02% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 12,948 shares. Cardinal reported 0.18% in FLIR Systems, Inc. (NASDAQ:FLIR).

Since April 28, 2017, it had 0 insider buys, and 6 selling transactions for $5.11 million activity. Shares for $1.39M were sold by Crouch William Wright on Wednesday, June 14. Another trade for 13,971 shares valued at $522,515 was made by FRANK JEFFREY on Thursday, May 18. TEICH ANDREW C sold $2.39 million worth of stock. Another trade for 2,600 shares valued at $96,538 was sold by HARRISON SHANE R. Merrill Travis D sold 4,000 shares worth $148,920.

The stock of FLIR Systems, Inc. (NASDAQ:FLIR) hit a new 52-week high and has $41.83 target or 5.00 % above today’s $39.84 share price. The 5 months bullish chart indicates low risk for the $5.47B company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $41.83 price target is reached, the company will be worth $273.50 million 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.

The stock increased 1.53% or $0.6 on September 15, reaching $39.84. About 1.57M shares traded or 80.15% up from the average. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 24.65% since September 17, 2016 and is uptrending. It has outperformed by 7.95% the S&P500.

Investors wait FLIR Systems, Inc. (NASDAQ:FLIR) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.47 earnings per share, up $0.04 or 9.30 % from last year’s $0.43 same quarter earnings. This translates into $64.53M profit for FLIR giving the stock a 21.19 P/E. This is assuming the current $0.47 EPS is accurate. FLIR Systems, Inc.’s Wall Street analysts see 11.90 % EPS growth, taking into account the $0.42 EPS reproted in the previous quarter,

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

Among 10 analysts covering FLIR Systems (NASDAQ:FLIR), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. FLIR Systems has $42.0 highest and $4 lowest target. $30.67’s average target is -23.02% below currents $39.84 stock price. FLIR Systems had 16 analyst reports since October 29, 2015 according to SRatingsIntel. The rating was initiated by Suntrust Robinson on Thursday, January 19 with “Hold”. The company was initiated on Thursday, January 19 by SunTrust. Needham maintained it with “Buy” rating and $35 target in Tuesday, December 1 report. The firm has “Equal-Weight” rating given on Friday, January 15 by Stephens. On Monday, July 10 the stock rating was upgraded by Raymond James to “Buy”. The rating was upgraded by Raymond James on Tuesday, January 5 to “Strong Buy”. The rating was maintained by Needham with “Buy” on Thursday, December 1. The stock has “Outperform” rating by Imperial Capital on Friday, November 4. The rating was initiated by Robert W. Baird with “Outperform” on Thursday, October 6. Seaport Global Securities initiated it with “Buy” rating and $36 target in Friday, October 7 report.

More important recent FLIR Systems, Inc. (NASDAQ:FLIR) news were published by: Nasdaq.com which released: “FLIR Systems, Inc. (FLIR) Ex-Dividend Date Scheduled for August 23, 2017” on August 22, 2017, also Zacks.com published article titled: “Why Is FLIR Systems (FLIR) Down 2.3% Since the Last Earnings Report?”, Globenewswire.com published: “FLIR Systems to Realign Operating Segment Structure” on August 30, 2017. More interesting news about FLIR Systems, Inc. (NASDAQ:FLIR) was released by: Nasdaq.com and their article: “FLIR Systems Realigns Business Units to Boost Operations” with publication date: August 31, 2017.

FLIR Systems, Inc. designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The company has market cap of $5.47 billion. The Company’s divisions include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection. It has a 25.71 P/E ratio. The Company’s Surveillance segment provides enhanced imaging and recognition solutions.

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