Analysts Set Federal Signal Corporation (NYSE:FSS) PT at $123.00

Federal Signal Corporation (NYSE:FSS) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $123.00.

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

Institutional Investors Weigh In On Federal Signal

A number of large investors have recently bought and sold shares of FSS. EverSource Wealth Advisors LLC boosted its position in shares of Federal Signal by 140.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in 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 buying an additional 248 shares during the period. MAI Capital Management boosted its holdings in Federal Signal by 1,003.8% in the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 261 shares in the last quarter. CoreCap Advisors LLC grew 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 period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Federal Signal during the third quarter valued at approximately $39,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Performance

FSS stock opened at $112.22 on Tuesday. The stock has a 50-day moving average price of $112.41 and a 200-day moving average price of $117.21. Federal Signal has a 1-year low of $66.47 and a 1-year high of $132.89. 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 has a market cap of $6.82 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35.

About Federal Signal

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.