MSA Safety (NYSE:MSA) Now Covered by Analysts at B. Riley

Stock analysts at B. Riley started coverage on shares of MSA Safety (NYSE:MSA) in a report issued on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $200.00 price target on the industrial products company’s stock. B. Riley’s price target indicates a potential upside of 21.94% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus raised their price target on MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, July 26th. William Blair upgraded shares of MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $207.50.

MSA Safety Price Performance

MSA opened at $164.01 on Tuesday. The company has a fifty day simple moving average of $173.80 and a 200 day simple moving average of $180.79. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The stock has a market cap of $6.45 billion, a P/E ratio of 23.70 and a beta of 0.99. MSA Safety has a 12 month low of $157.34 and a 12 month high of $200.60.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The company had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. During the same period in the prior year, the business posted $1.78 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts expect that MSA Safety will post 7.75 EPS for the current year.

Hedge Funds Weigh In On MSA Safety

Several large investors have recently added to or reduced their stakes in MSA. GAMMA Investing LLC raised its holdings in MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares during the period. Blue Trust Inc. boosted its holdings in shares of MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 209 shares during the period. Covestor Ltd increased its position in MSA Safety by 985.1% during the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 729 shares during the period. Allegheny Financial Group LTD bought a new position in shares of MSA Safety in the 1st quarter worth approximately $203,000. Finally, Kowal Investment Group LLC purchased a new position in MSA Safety during the 2nd quarter valued at about $204,000. Institutional investors own 92.51% of the company’s stock.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.