Federal Signal's (FSS) Market Perform Rating Reaffirmed at CJS Securities

Key Points

• Federal Signal's stock has been assigned a "market perform" rating by CJS Securities, with a target price of $125.00, indicating a potential downside of 1.07% from its previous close.
• The company reported a 15.1% increase in quarterly revenue year-over-year, reaching $564.60 million, with earnings per share at $1.17, exceeding analyst expectations.
• Federal Signal has authorized a $150 million stock repurchase program, reflecting confidence in the company's stock value, which allows for buying back approximately 3.3% of its shares.

Federal Signal (NYSE:FSS - Get Free Report)'s stock had its "market perform" rating reissued by stock analysts at CJS Securities in a research report issued on Thursday, Marketbeat.com reports. They presently have a $125.00 price target on the conglomerate's stock. CJS Securities' target price would indicate a potential upside of 2.06% from the company's previous close.

A number of other research analysts have also issued reports on FSS. DA Davidson boosted their price target on Federal Signal from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Finally, Raymond James Financial boosted their price objective on Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Federal Signal presently has a consensus rating of "Hold" and an average price target of $123.00.

Federal Signal Stock Performance

FSS traded down $4.09 during trading on Thursday, reaching $122.48. 1,064,348 shares of the company were exchanged, compared to its average volume of 825,709. The stock has a market cap of $7.45 billion, a P/E ratio of 34.12, a PEG ratio of 2.63 and a beta of 1.30. The firm has a 50 day moving average of $104.57 and a 200 day moving average of $92.30. The company has a current ratio of 2.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Federal Signal has a 52 week low of $66.47 and a 52 week high of $128.50.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.11. The firm had revenue of $564.60 million during the quarter, compared to the consensus estimate of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%. The firm's revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. On average, sell-side analysts forecast that Federal Signal will post 3.34 EPS for the current fiscal year.

Federal Signal declared that its board has authorized a stock repurchase plan on Tuesday, April 22nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the conglomerate to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FSS. Physician Wealth Advisors Inc. boosted its stake in Federal Signal by 47.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 93 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Federal Signal by 0.6% during the second quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate's stock worth $1,907,000 after purchasing an additional 106 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Federal Signal by 5.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,339 shares of the conglomerate's stock valued at $249,000 after buying an additional 113 shares during the period. CoreCap Advisors LLC grew its stake in shares of Federal Signal by 19.9% during the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after purchasing an additional 145 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its stake in Federal Signal by 16.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 162 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

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.