Federal Signal (NYSE:FSS) Upgraded by KeyCorp to "Overweight" Rating

Federal Signal (NYSE:FSS - Get Free Report) was upgraded by investment analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a note issued to investors on Monday, MarketBeat reports. The firm currently has a $110.00 price objective on the conglomerate's stock. KeyCorp's price objective suggests a potential upside of 15.34% from the stock's current price. KeyCorp also issued estimates for Federal Signal's Q2 2025 earnings at $1.05 EPS, Q3 2025 earnings at $1.05 EPS, Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.84 EPS, Q1 2026 earnings at $0.88 EPS, Q2 2026 earnings at $1.18 EPS, Q3 2026 earnings at $1.17 EPS, Q4 2026 earnings at $1.08 EPS and FY2026 earnings at $4.31 EPS.

FSS has been the subject of several other research reports. Raymond James dropped their price target on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. DA Davidson increased their price objective on shares of Federal Signal from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.00.

Federal Signal Price Performance

FSS stock traded up $1.19 during trading on Monday, reaching $95.37. 332,325 shares of the company were exchanged, compared to its average volume of 436,639. The company has a market cap of $5.81 billion, a P/E ratio of 27.64, a PEG ratio of 1.85 and a beta of 1.23. Federal Signal has a 52-week low of $66.47 and a 52-week high of $102.18. The stock's 50 day moving average price is $79.12 and its 200 day moving average price is $88.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The conglomerate reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. The company had revenue of $463.80 million for the quarter, compared to the consensus estimate of $462.63 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 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 earnings per share. As a group, analysts predict that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal announced that its board has authorized a share buyback program on Tuesday, April 22nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the conglomerate to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On Federal Signal

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Federal Signal by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock worth $669,625,000 after acquiring an additional 93,597 shares in the last quarter. Invesco Ltd. increased its position in shares of Federal Signal by 12.4% in the fourth quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock worth $203,184,000 after acquiring an additional 242,840 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Federal Signal by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock worth $150,715,000 after acquiring an additional 29,197 shares in the last quarter. FMR LLC grew its position in Federal Signal by 19.4% during the fourth quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock valued at $135,778,000 after purchasing an additional 238,608 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its position in Federal Signal by 2.0% during the first quarter. Van Berkom & Associates Inc. now owns 1,045,565 shares of the conglomerate's stock valued at $76,901,000 after purchasing an additional 20,771 shares in the last quarter. 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.