Federal Signal Corporation (NYSE:FSS) Stock Has Average Target Price of $135.25 According to Brokerages

Federal Signal Corporation (NYSE:FSS) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $135.25.

FSS has been the topic of several research reports. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. DA Davidson dropped their price target on shares of Federal Signal from $132.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Finally, Citigroup dropped their price target on shares of Federal Signal from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd.

Federal Signal Stock Performance

FSS opened at $117.53 on Thursday. The company has a current ratio of 2.96, a quick ratio of 1.35 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $114.77 and its 200-day moving average is $115.72. The stock has a market cap of $7.17 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. Federal Signal has a twelve month low of $101.18 and a twelve month high of $134.51.

Federal Signal (NYSE:FSS) last issued 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. Federal Signal had a return on equity of 21.31% and a net margin of 11.65%. The business had revenue of $655.50 million during the quarter, compared to analyst estimates of $661.61 million. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts predict that Federal Signal will post 5.24 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is currently 12.45%.

Institutional Trading of Federal Signal

A number of institutional investors and hedge funds have recently modified their holdings of FSS. Root Financial Partners LLC acquired a new stake in Federal Signal in the 3rd quarter valued at approximately $25,000. Richardson Financial Services Inc. grew its stake in shares of Federal Signal by 67.7% in the third quarter. Richardson Financial Services Inc. now owns 265 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 107 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Federal Signal in the second quarter worth $33,000. Ancora Advisors LLC bought a new position in Federal Signal during the second quarter worth $34,000. Finally, Jacobi Capital Management LLC bought a new position in Federal Signal during the third quarter worth $44,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Company Profile

Federal Signal Corporation designs and manufactures products and equipment for environmental services, public safety and security. Its customers include municipalities, contractors, industrial businesses and public safety organizations.

Through its Environmental Solutions Group, the company makes street sweepers, sewer cleaners, industrial vacuum loaders, waterblasting equipment and related vehicles and services. Its Safety and Security Systems Group provides warning sirens, emergency vehicle equipment and systems for public notification and communication.

Founded in 1901, Federal Signal serves customers in North America and international markets.