Federal Signal (NYSE:FSS) Raised to “Buy” at StockNews.com

Federal Signal (NYSE:FSS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also issued reports on FSS. Raymond James reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday. DA Davidson lowered their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th.

Federal Signal Price Performance

NYSE FSS opened at $92.66 on Friday. Federal Signal has a 1 year low of $71.29 and a 1 year high of $102.18. The company has a fifty day simple moving average of $92.03 and a 200 day simple moving average of $90.98. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The company has a market cap of $5.66 billion, a P/E ratio of 26.86 and a beta of 0.99.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. On average, sell-side analysts predict that Federal Signal will post 3.34 EPS for the current year.

Institutional Trading of Federal Signal

A number of hedge funds have recently modified their holdings of FSS. Bank of New York Mellon Corp raised its stake in shares of Federal Signal by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock valued at $43,916,000 after purchasing an additional 11,685 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Federal Signal by 2.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,996 shares of the conglomerate’s stock valued at $1,171,000 after buying an additional 329 shares during the period. Spire Wealth Management raised its stake in shares of Federal Signal by 6.8% in the 2nd quarter. Spire Wealth Management now owns 11,403 shares of the conglomerate’s stock valued at $954,000 after buying an additional 723 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Federal Signal by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 26,616 shares of the conglomerate’s stock worth $2,227,000 after acquiring an additional 4,919 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Federal Signal during the 2nd quarter worth about $251,000. Institutional investors own 92.73% of the company’s stock.

Federal Signal Company Profile

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.