MSA Safety Incorporporated (NYSE:MSA) Stock Rating Upgraded by Wall Street Zen

Key Points

• MSA Safety Incorporporated has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating positive sentiment among analysts.
• The stock has a consensus rating of "Moderate Buy" with an average price target of $189.20, reflecting mixed ratings among researchers.
• MSA reported $1.93 earnings per share for the last quarter, exceeding estimates and showing a revenue increase of 2.5% year-over-year.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

MSA has been the subject of several other reports. Stifel Nicolaus assumed coverage on MSA Safety Incorporporated in a research report on Wednesday, July 16th. They set a "hold" rating and a $182.00 target price for the company. B. Riley reiterated a "buy" rating and issued a $195.00 price objective (down from $200.00) on shares of MSA Safety Incorporporated in a research report on Thursday, May 1st. DA Davidson boosted their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird set a $166.00 price objective on MSA Safety Incorporporated in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $189.20.

MSA Safety Incorporporated Price Performance

MSA Safety Incorporporated stock opened at $169.47 on Friday. The firm has a market capitalization of $6.63 billion, a P/E ratio of 24.18 and a beta of 0.96. MSA Safety Incorporporated has a 1 year low of $127.86 and a 1 year high of $187.41. The business has a 50-day moving average of $172.07 and a 200-day moving average of $160.98. The company has a current ratio of 3.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.54.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last posted its earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. The company had revenue of $474.12 million during the quarter, compared to analyst estimates of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.01 EPS. On average, equities analysts anticipate that MSA Safety Incorporporated will post 8.06 EPS for the current year.

Hedge Funds Weigh In On MSA Safety Incorporporated

Institutional investors and hedge funds have recently modified their holdings of the business. Bayforest Capital Ltd grew its stake in MSA Safety Incorporporated by 3,400.0% during the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock worth $26,000 after buying an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company's stock worth $33,000 after buying an additional 96 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in MSA Safety Incorporporated during the second quarter worth about $33,000. Steward Partners Investment Advisory LLC grew its stake in MSA Safety Incorporporated by 397.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company's stock worth $37,000 after buying an additional 175 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in MSA Safety Incorporporated by 39.4% during the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock worth $39,000 after buying an additional 76 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.

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