Weiss Ratings Reiterates "Buy (B)" Rating for Federal Signal (NYSE:FSS)

Federal Signal (NYSE:FSS - Get Free Report)'s stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

FSS has been the topic of several other reports. Zacks Research lowered Federal Signal from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th. CJS Securities restated a "market perform" rating and set a $125.00 target price on shares of Federal Signal in a report on Thursday, July 31st. Finally, Raymond James Financial raised their target price on Federal Signal from $120.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $123.00.

Federal Signal Price Performance

FSS opened at $121.02 on Wednesday. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.10 and a beta of 1.29. Federal Signal has a 1 year low of $66.47 and a 1 year high of $130.30. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $124.34 and a 200 day moving average price of $103.70.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. The firm had revenue of $564.60 million during the quarter, compared to analysts' expectations of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 earnings per share. 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.

Hedge Funds Weigh In On Federal Signal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its stake in Federal Signal by 47.0% during the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate's stock valued at $31,000 after acquiring an additional 93 shares during the period. Archer Investment Corp boosted its holdings in Federal Signal by 6.1% during the second quarter. Archer Investment Corp now owns 1,743 shares of the conglomerate's stock valued at $185,000 after purchasing an additional 100 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Federal Signal by 10.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate's stock valued at $117,000 after purchasing an additional 100 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Federal Signal by 0.6% during the second quarter. Maryland State Retirement & Pension System now owns 17,918 shares of the conglomerate's stock valued at $1,907,000 after purchasing an additional 106 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Federal Signal by 9.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate's stock valued at $130,000 after purchasing an additional 108 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

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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