Federal Signal Corporation (NYSE:FSS) Receives Average Recommendation of "Hold" from Brokerages

Shares of Federal Signal Corporation (NYSE:FSS - Get Free Report) have received an average rating of "Hold" from the six analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $123.00.

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Federal Signal in a research report on Friday, July 11th. Zacks Research cut Federal Signal from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Federal Signal in a report on Saturday. Finally, Raymond James Financial raised their price objective on Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in Federal Signal by 8.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,534 shares of the conglomerate's stock valued at $302,000 after buying an additional 195 shares during the last quarter. SG Americas Securities LLC bought a new position in Federal Signal during the 3rd quarter valued at $2,276,000. Spire Wealth Management boosted its stake in Federal Signal by 17.2% during the 3rd quarter. Spire Wealth Management now owns 3,126 shares of the conglomerate's stock valued at $372,000 after purchasing an additional 458 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of Federal Signal by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the conglomerate's stock worth $1,511,000 after acquiring an additional 100 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Federal Signal by 50.0% in the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate's stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Price Performance

Shares of NYSE FSS opened at $125.22 on Friday. The stock's 50-day moving average is $123.00 and its two-hundred day moving average is $107.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. Federal Signal has a 1-year low of $66.47 and a 1-year high of $130.30. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business had revenue of $564.60 million for the quarter, compared to the consensus estimate of $537.24 million. During the same quarter in the prior year, the business posted $0.95 EPS. The business's revenue for the quarter was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Analysts forecast that Federal Signal will post 3.34 EPS for the current fiscal year.

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.

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