Federal Signal (NYSE:FSS) Upgraded by Zacks Investment Research to “Buy”

Federal Signal (NYSE:FSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The firm presently has a $42.00 price target on the conglomerate’s stock. Zacks Investment Research‘s price target suggests a potential upside of 7.58% from the company’s previous close.

According to Zacks, “Federal Signal Corporation (NYSE:FSS) is a leader in environmental and safety solutions. It provides products and services to protect people and the planet. Federal Signal is a leading global designer, manufacturer and supplier of products of and total solutions that serve municipal, governmental, industrial and commercial customers. With manufacturing facilities worldwide, the company operates through the following business segments: Environmental Solutions and Safety and Security Systems. Federal Signal is best known for its variety of emergency lighting, sirens, industrial equipment, and public safety solutions under brands including Federal Signal, Elgin, Guzzler, Jetstream, Vactor and Victor. Federal Signal Corporation is headquartered in Oak Brook, IL. “

A number of other equities research analysts have also commented on FSS. Colliers Securities reiterated a “buy” rating on shares of Federal Signal in a research report on Thursday, July 1st. Raymond James upped their price target on Federal Signal from $45.00 to $48.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 5th.

Shares of FSS stock opened at $39.04 on Tuesday. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 1.38 and a beta of 1.07. Federal Signal has a twelve month low of $28.03 and a twelve month high of $43.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.43 and a quick ratio of 1.20. The stock’s fifty day moving average price is $40.78.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, May 4th. The conglomerate reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. Federal Signal had a return on equity of 14.81% and a net margin of 8.46%. The firm had revenue of $278.80 million for the quarter, compared to analyst estimates of $279.07 million. During the same quarter in the previous year, the company posted $0.39 EPS. The business’s revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts anticipate that Federal Signal will post 1.83 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Navis Wealth Advisors LLC acquired a new position in shares of Federal Signal in the 4th quarter valued at about $25,000. Sage Private Wealth Group LLC acquired a new position in shares of Federal Signal in the 4th quarter valued at about $28,000. Lazard Asset Management LLC acquired a new position in Federal Signal during the 4th quarter worth approximately $28,000. Vantage Consulting Group Inc acquired a new position in Federal Signal during the 4th quarter worth approximately $30,000. Finally, Eaton Vance Management acquired a new position in Federal Signal during the 1st quarter worth approximately $83,000. 90.09% of the stock is currently owned by institutional investors.

About Federal Signal

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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