Federal Signal (NYSE:FSS) Earns Outperform Rating from Raymond James

Federal Signal (NYSE:FSS)‘s stock had its “outperform” rating reiterated by stock analysts at Raymond James in a note issued to investors on Tuesday, MarketBeat reports. They currently have a $110.00 target price on the conglomerate’s stock. Raymond James’ price objective points to a potential upside of 17.53% from the stock’s previous close.

A number of other research firms have also recently weighed in on FSS. DA Davidson dropped their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Federal Signal Stock Performance

Shares of FSS stock opened at $93.59 on Tuesday. The company has a fifty day moving average price of $91.95 and a two-hundred day moving average price of $90.89. Federal Signal has a one year low of $71.29 and a one year high of $102.18. The stock has a market cap of $5.72 billion, a P/E ratio of 27.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Federal Signal’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. As a group, equities analysts predict that Federal Signal will post 3.34 EPS for the current year.

Institutional Trading of Federal Signal

Several institutional investors have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Federal Signal during the third quarter worth $28,863,000. Geode Capital Management LLC increased its position in Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares during the period. Assenagon Asset Management S.A. raised its stake in Federal Signal by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock worth $37,200,000 after purchasing an additional 211,555 shares in the last quarter. Millennium Management LLC boosted its holdings in Federal Signal by 77.8% in the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock valued at $37,298,000 after purchasing an additional 195,017 shares during the period. Finally, Driehaus Capital Management LLC grew its position in shares of Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after purchasing an additional 153,765 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.