DA Davidson Begins Coverage on Federal Signal (NYSE:FSS)

DA Davidson assumed coverage on shares of Federal Signal (NYSE:FSS) in a research report issued on Thursday, The Fly reports. The firm set a “neutral” rating on the conglomerate’s stock.

FSS has been the subject of a number of other reports. Colliers Securities reiterated a “buy” rating on shares of Federal Signal in a research note on Thursday, July 1st. KeyCorp dropped their price target on Federal Signal from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, September 27th. Zacks Investment Research cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, September 3rd. Finally, Sidoti upgraded Federal Signal from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $50.00 in a research note on Thursday, September 2nd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Federal Signal presently has a consensus rating of “Buy” and an average price target of $46.75.

Shares of FSS stock opened at $40.66 on Thursday. The stock’s fifty day moving average price is $39.73 and its two-hundred day moving average price is $40.19. The company has a market cap of $2.48 billion, a PE ratio of 24.35, a P/E/G ratio of 1.39 and a beta of 1.06. Federal Signal has a fifty-two week low of $28.03 and a fifty-two week high of $43.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 2.51.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, July 29th. The conglomerate reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. The firm had revenue of $334.70 million for the quarter, compared to the consensus estimate of $304.60 million. Federal Signal had a return on equity of 15.02% and a net margin of 8.69%. On average, equities analysts predict that Federal Signal will post 1.87 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in FSS. Advisor Group Holdings Inc. raised its position in shares of Federal Signal by 5.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 5,250 shares of the conglomerate’s stock worth $212,000 after acquiring an additional 289 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Federal Signal by 4.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 7,794 shares of the conglomerate’s stock valued at $314,000 after buying an additional 304 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Federal Signal by 1.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,729 shares of the conglomerate’s stock valued at $947,000 after buying an additional 322 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Federal Signal by 0.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 73,003 shares of the conglomerate’s stock valued at $2,796,000 after buying an additional 489 shares during the period. Finally, Park Avenue Securities LLC grew its stake in shares of Federal Signal by 7.3% in the 2nd quarter. Park Avenue Securities LLC now owns 8,282 shares of the conglomerate’s stock valued at $333,000 after buying an additional 566 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

About Federal Signal

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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