Federal Signal (NYSE:FSS) Upgraded to “Strong-Buy” at Zacks Research

Federal Signal (NYSE:FSS) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on FSS. CJS Securities upgraded Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective for the company in a research note on Thursday, February 26th. DA Davidson boosted their price objective on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, KeyCorp reiterated an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $139.25.

Federal Signal Trading Up 3.4%

Shares of NYSE:FSS opened at $121.53 on Monday. The stock has a 50 day moving average of $112.48 and a 200 day moving average of $113.54. The company has a market cap of $7.41 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32. The company has a current ratio of 2.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. Federal Signal has a 12-month low of $85.53 and a 12-month high of $132.89.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $579.87 million. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The firm’s revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, equities research analysts expect that Federal Signal will post 4.94 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FSS. EverSource Wealth Advisors LLC lifted its holdings in Federal Signal by 140.6% in 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. Palladiem LLC purchased a new position in Federal Signal in the 4th quarter worth approximately $27,000. Physician Wealth Advisors Inc. lifted its holdings in Federal Signal by 57.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 91 shares in the last quarter. Covestor Ltd lifted its holdings in Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 151 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 248 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.