Seaport Global Securities Reaffirms Buy Rating for Federal Signal (FSS)
Federal Signal (NYSE:FSS)‘s stock had its “buy” rating reissued by analysts at Seaport Global Securities in a report issued on Thursday. Seaport Global Securities also issued estimates for Federal Signal’s Q1 2018 earnings at $0.18 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.43 EPS and Q4 2019 earnings at $0.39 EPS.
Several other equities analysts have also weighed in on FSS. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Monday, November 6th. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Sidoti initiated coverage on shares of Federal Signal in a report on Tuesday, February 20th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $21.00.
Shares of Federal Signal (NYSE:FSS) traded up $0.64 during midday trading on Thursday, reaching $21.70. 333,381 shares of the company traded hands, compared to its average volume of 338,539. Federal Signal has a fifty-two week low of $13.07 and a fifty-two week high of $23.64. The firm has a market capitalization of $1,267.80, a price-to-earnings ratio of 21.27 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.59 and a quick ratio of 1.23.
A number of institutional investors and hedge funds have recently bought and sold shares of FSS. Quantbot Technologies LP acquired a new stake in Federal Signal in the third quarter worth $120,000. Elkfork Partners LLC acquired a new stake in Federal Signal in the fourth quarter worth $130,000. First Quadrant L P CA acquired a new stake in Federal Signal in the third quarter worth $187,000. GW&K Investment Management LLC acquired a new stake in Federal Signal in the fourth quarter worth $200,000. Finally, SG Americas Securities LLC acquired a new stake in Federal Signal in the third quarter worth $212,000. Institutional investors own 84.88% of the company’s stock.
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About Federal Signal
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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