Federal Signal (NYSE:FSS) Stock Rating Upgraded by KeyCorp

Federal Signal (NYSE:FSS) was upgraded by equities research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Tuesday,Benzinga reports. The brokerage presently has a $130.00 price objective on the conglomerate’s stock. KeyCorp’s target price indicates a potential upside of 22.58% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Finally, CJS Securities upgraded Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective on the stock in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.

Federal Signal Price Performance

Shares of Federal Signal stock opened at $106.05 on Tuesday. The stock has a 50 day moving average of $114.63 and a 200 day moving average of $116.59. The company has a current ratio of 3.02, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41. The firm has a market cap of $6.46 billion, a PE ratio of 26.45, a PEG ratio of 1.66 and a beta of 1.32. Federal Signal has a 12 month low of $66.47 and a 12 month high of $132.89.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The company had revenue of $597.10 million for the quarter, compared to the consensus estimate of $551.36 million. Federal Signal had a net margin of 11.31% and a return on equity of 20.14%. The firm’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. Federal Signal has set its FY 2026 guidance at 4.500-4.800 EPS. On average, research analysts expect that Federal Signal will post 3.34 EPS for the current fiscal year.

Institutional Trading of Federal Signal

Several institutional investors and hedge funds have recently made changes to their positions in FSS. Royal Bank of Canada boosted its holdings in shares of Federal Signal by 3.5% in the 1st quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate’s stock valued at $6,886,000 after purchasing an additional 3,153 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Federal Signal by 10.9% in the first quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate’s stock worth $2,626,000 after buying an additional 3,520 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Federal Signal by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate’s stock valued at $2,635,000 after buying an additional 1,594 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Federal Signal by 15.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate’s stock worth $135,000 after buying an additional 252 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Federal Signal during the 1st quarter valued at approximately $1,119,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Signal

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.