Federal Signal Corporation (FSS) Stock Rating Upgraded by Zacks Investment Research
Federal Signal Corporation (NYSE:FSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm currently has a $21.00 price target on the conglomerate’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.46% from the company’s current price.
According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “
FSS has been the topic of a number of other research reports. KeyCorp upgraded shares of Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Tuesday, May 9th. BidaskClub upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Four research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $20.50.
Federal Signal Corporation (FSS) opened at 18.84 on Thursday. Federal Signal Corporation has a 12 month low of $11.68 and a 12 month high of $20.13. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 28.76 and a beta of 1.36. The firm has a 50-day moving average price of $18.38 and a 200-day moving average price of $16.22.
Federal Signal Corporation (NYSE:FSS) last issued its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $224.40 million for the quarter, compared to analysts’ expectations of $206.53 million. Federal Signal Corporation had a net margin of 5.20% and a return on equity of 10.59%. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts anticipate that Federal Signal Corporation will post $0.79 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in shares of Federal Signal Corporation by 12,320.0% in the second quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after buying an additional 6,776 shares during the last quarter. Pinebridge Investments L.P. boosted its position in Federal Signal Corporation by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after buying an additional 86 shares during the last quarter. Karp Capital Management Corp purchased a new position in Federal Signal Corporation during the first quarter worth about $162,000. BNP Paribas Arbitrage SA boosted its position in Federal Signal Corporation by 7.8% in the first quarter. BNP Paribas Arbitrage SA now owns 12,646 shares of the conglomerate’s stock worth $175,000 after buying an additional 915 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its position in Federal Signal Corporation by 6.7% in the first quarter. Mason Street Advisors LLC now owns 13,965 shares of the conglomerate’s stock worth $193,000 after buying an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.
Federal Signal Corporation Company Profile
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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