DA Davidson Issues Pessimistic Forecast for MSA Safety Incorporporated (NYSE:MSA) Stock Price

MSA Safety Incorporporated (NYSE:MSA) had its price objective decreased by equities research analysts at DA Davidson from $223.00 to $216.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. DA Davidson‘s price objective indicates a potential upside of 24.26% from the stock’s current price.

A number of other equities research analysts have also recently commented on MSA. B. Riley Financial cut MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and lowered their target price for the company from $210.00 to $195.00 in a report on Monday, August 3rd. Wall Street Zen cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings lowered shares of MSA Safety Incorporporated from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Robert W. Baird increased their price target on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $209.00.

MSA Safety Incorporporated Price Performance

MSA stock traded up $3.69 during trading on Monday, reaching $173.83. 160,086 shares of the company were exchanged, compared to its average volume of 266,212. MSA Safety Incorporporated has a 52-week low of $152.86 and a 52-week high of $208.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.66 and a current ratio of 2.65. The company has a market cap of $6.70 billion, a P/E ratio of 22.30 and a beta of 0.92. The stock’s 50 day moving average price is $181.36 and its 200 day moving average price is $178.05.

MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings results on Monday, November 2nd. The industrial products company reported $2.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.09. The company had revenue of $536.43 million during the quarter, compared to the consensus estimate of $528.39 million. MSA Safety Incorporporated had a net margin of 15.03% and a return on equity of 24.86%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $1.77 EPS. As a group, analysts predict that MSA Safety Incorporporated will post 9.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Madison Asset Management LLC lifted its holdings in shares of MSA Safety Incorporporated by 3.6% during the 1st quarter. Madison Asset Management LLC now owns 588,568 shares of the industrial products company’s stock valued at $96,496,000 after acquiring an additional 20,324 shares in the last quarter. Royce & Associates LP increased its holdings in MSA Safety Incorporporated by 10.7% in the 3rd quarter. Royce & Associates LP now owns 374,248 shares of the industrial products company’s stock valued at $66,571,000 after purchasing an additional 36,280 shares in the last quarter. Royal Bank of Canada raised its position in MSA Safety Incorporporated by 42.5% in the first quarter. Royal Bank of Canada now owns 218,070 shares of the industrial products company’s stock valued at $35,752,000 after purchasing an additional 65,002 shares during the period. Sei Investments Co. raised its position in MSA Safety Incorporporated by 6.1% in the first quarter. Sei Investments Co. now owns 205,135 shares of the industrial products company’s stock valued at $33,633,000 after purchasing an additional 11,788 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in shares of MSA Safety Incorporporated by 19.9% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 176,593 shares of the industrial products company’s stock worth $31,412,000 after purchasing an additional 29,289 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops and manufactures products that help protect workers and first responders. Its offerings include portable and fixed gas and flame detection systems, respiratory protection equipment, protective helmets and other head and eye protection, and fall protection systems.

The company serves customers in industries such as oil and gas, construction, utilities, mining and manufacturing, as well as fire and emergency services. Its products and safety solutions are sold in markets around the world.

Founded in 1914 and headquartered in Cranberry Township, Pennsylvania, MSA has a long history in workplace safety.