Federal Signal (NYSE:FSS) PT Raised to $68.00

Federal Signal (NYSE:FSS – Get Rating) had its price target hoisted by research analysts at Raymond James from $57.00 to $68.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “strong-buy” rating on the conglomerate’s stock. Raymond James’ target price would suggest a potential upside of 20.78% from the company’s current price.

A number of other research firms also recently weighed in on FSS. DA Davidson raised their price target on shares of Federal Signal from $46.00 to $54.00 in a research note on Monday, November 7th. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, Sidoti downgraded shares of Federal Signal from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Thursday, February 23rd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.25.

Federal Signal Price Performance

FSS stock opened at $56.30 on Thursday. The company has a quick ratio of 1.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.42. Federal Signal has a 12 month low of $31.86 and a 12 month high of $58.15. The firm has a market cap of $3.41 billion, a P/E ratio of 28.58 and a beta of 1.07. The company’s 50-day moving average price is $51.43 and its two-hundred day moving average price is $46.43.

Federal Signal (NYSE:FSS – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The conglomerate reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Federal Signal had a net margin of 8.39% and a return on equity of 14.62%. The company had revenue of $391.50 million for the quarter, compared to the consensus estimate of $379.69 million. During the same period last year, the company posted $0.40 EPS. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. On average, analysts anticipate that Federal Signal will post 2.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its holdings in Federal Signal by 0.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 587,010 shares of the conglomerate’s stock worth $20,898,000 after purchasing an additional 2,400 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Federal Signal by 3.7% during the 2nd quarter. Macquarie Group Ltd. now owns 2,220,084 shares of the conglomerate’s stock worth $79,035,000 after purchasing an additional 79,865 shares during the last quarter. FMR LLC raised its holdings in Federal Signal by 47.4% during the 2nd quarter. FMR LLC now owns 3,003,680 shares of the conglomerate’s stock worth $106,931,000 after purchasing an additional 965,940 shares during the last quarter. Brown Advisory Inc. raised its holdings in Federal Signal by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,318,347 shares of the conglomerate’s stock worth $46,933,000 after purchasing an additional 60,194 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its holdings in Federal Signal by 14.2% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 600,960 shares of the conglomerate’s stock worth $22,428,000 after purchasing an additional 74,500 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

Federal Signal Company Profile

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Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.