Federal Signal (NYSE:FSS) Price Target Raised to $84.00 at DA Davidson

Federal Signal (NYSE:FSS - Get Free Report) had its price objective boosted by analysts at DA Davidson from $82.00 to $84.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the conglomerate's stock. DA Davidson's price objective indicates a potential downside of 4.08% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Raymond James decreased their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.

Federal Signal Stock Performance

FSS stock traded up $1.00 during midday trading on Monday, reaching $87.58. 225,574 shares of the company's stock traded hands, compared to its average volume of 431,057. Federal Signal has a 52 week low of $66.47 and a 52 week high of $102.18. The company has a 50-day moving average price of $76.98 and a two-hundred day moving average price of $87.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a market capitalization of $5.35 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. The company had revenue of $463.80 million for the quarter, compared to analyst estimates of $462.63 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. As a group, equities analysts anticipate that Federal Signal will post 3.34 EPS for the current year.

Federal Signal announced that its board has authorized a stock buyback plan on Tuesday, April 22nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the conglomerate to buy up to 3.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Insider Transactions at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FSS. Opal Wealth Advisors LLC bought a new stake in Federal Signal in the first quarter valued at approximately $29,000. Bessemer Group Inc. raised its stake in shares of Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock valued at $31,000 after acquiring an additional 185 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Federal Signal during the 3rd quarter valued at about $46,000. Signaturefd LLC lifted its holdings in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after buying an additional 165 shares during the period. Finally, Harbor Investment Advisory LLC increased its stake in shares of Federal Signal by 201.8% during the first quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock valued at $48,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

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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