Federal Signal Co. (NYSE:FSS) Given Average Recommendation of "Buy" by Brokerages | MarketBeat

2021-12-29 11:55:57 By : Mr. Limon Fan

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Shares of Federal Signal Co. (NYSE:FSS) have earned an average rating of "Buy" from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $52.00.

FSS has been the subject of a number of recent research reports. Sidoti upgraded Federal Signal from a "neutral" rating to a "buy" rating and upped their target price for the company from $44.00 to $50.00 in a research note on Thursday, September 2nd. Zacks Investment Research lowered Federal Signal from a "buy" rating to a "hold" rating in a research note on Friday, September 3rd. Raymond James increased their price objective on Federal Signal from $48.00 to $56.00 and gave the stock a "strong-buy" rating in a research note on Monday, November 15th. KeyCorp increased their price objective on Federal Signal from $44.00 to $55.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 10th. They noted that the move was a valuation call. Finally, DA Davidson increased their price objective on Federal Signal from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 10th.

Shares of NYSE FSS opened at $42.91 on Tuesday. The company has a fifty day moving average price of $43.97. The company has a quick ratio of 1.57, a current ratio of 2.95 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.62 and a beta of 1.02. Federal Signal has a one year low of $31.83 and a one year high of $48.88.

Federal Signal (NYSE:FSS) last issued its earnings results on Tuesday, November 9th. The conglomerate reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The business had revenue of $298.30 million during the quarter, compared to analyst estimates of $325.50 million. Federal Signal had a return on equity of 15.10% and a net margin of 8.88%. Federal Signal's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, equities analysts anticipate that Federal Signal will post 1.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Stockholders of record on Friday, November 19th were paid a $0.09 dividend. The ex-dividend date was Thursday, November 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.84%. Federal Signal's dividend payout ratio (DPR) is presently 20.81%.

Several large investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC boosted its holdings in Federal Signal by 91.5% in the third quarter. Eagle Bay Advisors LLC now owns 3,600 shares of the conglomerate's stock valued at $140,000 after acquiring an additional 1,720 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc. bought a new position in Federal Signal in the third quarter valued at about $201,000. Homrich & Berg bought a new position in Federal Signal in the second quarter valued at about $204,000. MML Investors Services LLC bought a new position in Federal Signal in the third quarter valued at about $207,000. Finally, Advisor Group Holdings Inc. boosted its holdings in Federal Signal by 5.8% in the second quarter. Advisor Group Holdings Inc. now owns 5,250 shares of the conglomerate's stock valued at $212,000 after acquiring an additional 289 shares during the last quarter. Institutional investors own 90.40% of the company's stock.

Federal Signal Corp. engages in the designed 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 involves in the manufacture and supply of street sweeper vehicles, sewer cleaner, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.

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