Federal Signal (NYSE:FSS) Upgraded by StockNews.com to “Buy” Rating

Federal Signal (NYSE:FSS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

FSS has been the topic of a number of other research reports. DA Davidson dropped their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Raymond James reiterated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research note on Tuesday.

Federal Signal Stock Down 1.4 %

Shares of NYSE:FSS opened at $92.66 on Friday. The firm has a 50 day simple moving average of $92.03 and a 200 day simple moving average of $90.98. Federal Signal has a 52 week low of $71.29 and a 52 week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The company has a market cap of $5.66 billion, a PE ratio of 26.86 and a beta of 0.99.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. During the same period in the previous year, the business earned $0.71 EPS. The company’s revenue was up 6.2% on a year-over-year basis. As a group, research analysts expect that Federal Signal will post 3.34 earnings per share for the current year.

Institutional Investors Weigh In On Federal Signal

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Federal Signal by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 169,352 shares of the conglomerate’s stock valued at $15,828,000 after acquiring an additional 2,348 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after purchasing an additional 134,457 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Federal Signal by 19.1% in the 3rd quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate’s stock valued at $297,000 after purchasing an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Federal Signal in the third quarter worth $46,000. Finally, Geode Capital Management LLC increased its position in Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after buying an additional 239,789 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

About Federal Signal

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.