Federal Signal (NYSE:FSS) Earns “Outperform” Rating from Raymond James

Federal Signal (NYSE:FSS)‘s stock had its “outperform” rating restated by stock analysts at Raymond James in a report released on Tuesday, MarketBeat Ratings reports. They currently have a $110.00 price objective on the conglomerate’s stock. Raymond James’ target price would suggest a potential upside of 17.53% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. StockNews.com downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 20th. DA Davidson reduced their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th.

Federal Signal Trading Up 3.2 %

FSS opened at $93.59 on Tuesday. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 27.13 and a beta of 0.99. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal has a twelve month low of $71.29 and a twelve month high of $102.18. The company has a 50-day simple moving average of $91.95 and a 200 day simple moving average of $90.89.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. grew its position in Federal Signal by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after acquiring an additional 121 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Federal Signal by 4.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after purchasing an additional 169 shares in the last quarter. Xponance Inc. grew its holdings in shares of Federal Signal by 4.9% during the second quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock worth $319,000 after purchasing an additional 178 shares during the last quarter. Quarry LP increased its stake in shares of Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in Federal Signal by 7.7% in the 3rd quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock valued at $284,000 after buying an additional 216 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Company Profile

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.