Federal Signal (NYSE:FSS) Price Target Cut to $126.00 by Analysts at DA Davidson

Federal Signal (NYSE:FSS) had its target price decreased by equities research analysts at DA Davidson from $132.00 to $126.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the conglomerate’s stock. DA Davidson‘s target price suggests a potential upside of 5.97% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Citigroup started coverage on shares of Federal Signal in a report on Monday, August 17th. They issued a “buy” rating and a $150.00 target price for the company. Zacks Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.00.

Federal Signal Stock Performance

Shares of NYSE FSS traded up $6.23 during midday trading on Monday, hitting $118.90. 111,069 shares of the company’s stock traded hands, compared to its average volume of 472,881. The firm has a fifty day moving average of $115.33 and a 200 day moving average of $115.71. Federal Signal has a 1 year low of $101.18 and a 1 year high of $134.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.35 and a current ratio of 2.96. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.34 and a beta of 1.22.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 29th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. The company had revenue of $655.50 million for the quarter, compared to the consensus estimate of $661.61 million. Federal Signal had a net margin of 11.65% and a return on equity of 21.31%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. On average, analysts forecast that Federal Signal will post 5.25 earnings per share for the current year.

Insider Activity

In related news, VP Diane Bonina sold 14,856 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total value of $1,937,816.64. Following the sale, the vice president directly owned 15,689 shares in the company, valued at approximately $2,046,473.16. The trade was a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FSS. Root Financial Partners LLC bought a new position in Federal Signal during the third quarter valued at $25,000. Allworth Financial LP bought a new stake in shares of Federal Signal in the 2nd quarter worth about $33,000. Ancora Advisors LLC bought a new stake in shares of Federal Signal in the 2nd quarter worth about $34,000. Richardson Financial Services Inc. raised its position in shares of Federal Signal by 67.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 265 shares of the conglomerate’s stock valued at $29,000 after buying an additional 107 shares in the last quarter. Finally, Compass Financial Management LLC bought a new stake in Federal Signal during the second quarter worth approximately $51,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Company Profile

Federal Signal Corporation (NYSE:FSS) designs and manufactures equipment and systems used by municipalities, government agencies, industrial organizations and commercial customers. Its products support public safety, infrastructure maintenance, environmental protection and emergency response activities.

The company operates through two principal business areas: Environmental Solutions and Safety and Security Systems. Environmental Solutions products include street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment, dump bodies and snow and ice control equipment.