Federal Signal Corporation (NYSE:FSS) Given Average Recommendation of “Hold” by Analysts

Shares of Federal Signal Corporation (NYSE:FSS) have received an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FSS. Wasatch Advisors LP purchased a new stake in shares of Federal Signal during the third quarter valued at approximately $174,476,000. Allianz Asset Management GmbH purchased a new stake in Federal Signal during the 3rd quarter valued at $108,884,000. Norges Bank purchased a new stake in Federal Signal during the 2nd quarter valued at $79,165,000. First Trust Advisors LP increased its holdings in shares of Federal Signal by 49.6% in the 2nd quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock worth $159,782,000 after purchasing an additional 497,652 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Federal Signal by 16.0% in the third quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock worth $234,095,000 after purchasing an additional 271,878 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Price Performance

Shares of NYSE FSS opened at $116.87 on Tuesday. The company has a 50 day simple moving average of $112.47 and a two-hundred day simple moving average of $117.33. Federal Signal has a fifty-two week low of $66.47 and a fifty-two week high of $132.89. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.82 and a beta of 1.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 2.61.

Federal Signal Company Profile

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.