Federal Signal Corporation (NYSE:FSS) Receives Average Rating of “Hold” from Analysts

Shares of Federal Signal Corporation (NYSE:FSS) have been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $123.00.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th.

Institutional Investors Weigh In On Federal Signal

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Federal Signal by 3,100.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 248 shares during the period. Covestor Ltd boosted its position in shares of Federal Signal by 118.0% during the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 151 shares in the last quarter. MAI Capital Management increased its stake in Federal Signal by 1,003.8% in the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 261 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in Federal Signal by 50.0% in the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Performance

NYSE FSS opened at $116.81 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $112.54 and its two-hundred day moving average price is $117.46. The firm has a market capitalization of $7.10 billion, a P/E ratio of 30.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35. Federal Signal has a 1 year low of $66.47 and a 1 year high of $132.89.

Federal Signal Company Profile

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.