Federal Signal (NYSE:FSS) Receives “Outperform” Rating from Raymond James

Federal Signal (NYSE:FSS)‘s stock had its “outperform” rating restated by Raymond James in a report released on Tuesday,Benzinga reports. They currently have a $110.00 price target on the conglomerate’s stock. Raymond James’ price target suggests a potential upside of 21.35% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. DA Davidson lowered their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday.

Federal Signal Price Performance

Shares of Federal Signal stock opened at $90.65 on Tuesday. The stock has a market capitalization of $5.54 billion, a P/E ratio of 26.28 and a beta of 0.99. The business has a 50 day simple moving average of $91.94 and a two-hundred day simple moving average of $90.83. Federal Signal has a 12 month low of $71.29 and a 12 month high of $102.18. 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 posted its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $474.20 million for 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%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. As a group, analysts predict that Federal Signal will post 3.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Federal Signal

Several large investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after acquiring an additional 112,092 shares during the last quarter. Quest Partners LLC grew its stake in shares of Federal Signal by 4,025.9% during the third quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock worth $1,739,000 after purchasing an additional 18,157 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after buying an additional 31,517 shares during the last quarter. EULAV Asset Management lifted its holdings in Federal Signal by 15.3% during the 3rd quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock worth $22,505,000 after buying an additional 32,000 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Federal Signal by 17.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock valued at $14,246,000 after acquiring an additional 22,821 shares during the last quarter. Hedge funds and other 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.