FLIR Systems (FLIR) is Upgraded by Raymond James to Strong Buy

FLIR Systems (FLIR) is Upgraded by Raymond James to Strong Buy , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

FLIR Systems, Inc. is up 2.24% in the last 3-month period. Year-to-Date the stock performance stands at -11.87%.

FLIR Systems, Inc. (NASDAQ:FLIR) has lost 2.09% during the past week and dropped 7.76% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.28%. FLIR Systems, Inc. (NASDAQ:FLIR) has underperformed the index by 5.6% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) ended Thursday session in red amid volatile trading. The shares closed down 0.265 points or 0.94% at $28.07 with 475,388 shares getting traded. Post opening the session at $28.25, the shares hit an intraday low of $28.004 and an intraday high of $28.32 and the price vacillated in this range throughout the day. The company has a market cap of $3,877 million and the number of outstanding shares have been calculated to be 138,134,170 shares. The 52-week high of FLIR Systems, Inc. (NASDAQ:FLIR) is $34.46 and the 52-week low is $25.12.

Currently the company Insiders own 3% of FLIR Systems, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.73% . Institutional Investors own 92.16% of FLIR Systems, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -12.74%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Chief Accounting Officer) of Flir Systems Inc, Muessle David A sold 35,646 shares at $28.81 on December 14, 2015. The Insider selling transaction had a total value worth of $1,026,961. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

FLIR Systems, Inc. (FLIR) is a designer, manufacturer, and marketer of thermal imaging systems. The Companys sensors and integrated sensor systems enable the gathering and analysis of critical information through a range of applications in commercial, industrial, and government markets across the world. The Company operates in six segments, which include Thermal Vision & Measurement (TVM), Raymarine, Surveillance, Detection, and Integrated Systems. It offers a range of sensor products, including infrared imaging cameras and systems, detector cores, Chemical, Biological, Radiological, Nuclear and Enhanced Conventional Weapons (CBRNE) threat detectors, test and measurement instruments, radars, maritime electronics, and related products and solutions.