MSA Safety Incorporporated (NYSE:MSA) Price Target Raised to $235.00 at DA Davidson

MSA Safety Incorporporated (NYSE:MSA) had its price objective upped by stock analysts at DA Davidson from $186.00 to $235.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s price target indicates a potential upside of 16.74% from the stock’s previous close.

Several other brokerages have also recently commented on MSA. JPMorgan Chase & Co. initiated coverage on shares of MSA Safety Incorporporated in a research report on Tuesday, February 3rd. They issued a “neutral” rating and a $200.00 price target on the stock. Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. National Bank Financial set a $235.00 target price on shares of MSA Safety Incorporporated in a research note on Wednesday. B. Riley Financial restated a “buy” rating on shares of MSA Safety Incorporporated in a report on Thursday, February 12th. Finally, Wall Street Zen cut MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, MSA Safety Incorporporated currently has an average rating of “Moderate Buy” and a consensus price target of $202.17.

MSA Safety Incorporporated Price Performance

NYSE:MSA traded down $0.84 during midday trading on Wednesday, hitting $201.31. 70,221 shares of the stock were exchanged, compared to its average volume of 225,180. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 28.43 and a beta of 0.98. The company has a current ratio of 3.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.42. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $208.92. The business has a 50-day moving average price of $175.81 and a two-hundred day moving average price of $170.14.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.12. The company had revenue of $510.91 million for the quarter, compared to analysts’ expectations of $508.62 million. MSA Safety Incorporporated had a return on equity of 24.48% and a net margin of 14.88%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $2.25 EPS. Sell-side analysts predict that MSA Safety Incorporporated will post 8.06 EPS for the current year.

Insider Activity at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 1,100 shares of MSA Safety Incorporporated stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $203.48, for a total transaction of $223,828.00. Following the transaction, the chief accounting officer directly owned 3,234 shares in the company, valued at approximately $658,054.32. The trade was a 25.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC grew its position in MSA Safety Incorporporated by 1.6% in the fourth quarter. Sanctuary Advisors LLC now owns 3,958 shares of the industrial products company’s stock worth $634,000 after acquiring an additional 64 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of MSA Safety Incorporporated by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,728 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 73 shares in the last quarter. Allworth Financial LP lifted its stake in shares of MSA Safety Incorporporated by 34.8% in the 2nd quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 77 shares during the last quarter. GAMMA Investing LLC boosted its holdings in MSA Safety Incorporporated by 19.8% in the third quarter. GAMMA Investing LLC now owns 477 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 79 shares in the last quarter. Finally, Clearstead Advisors LLC increased its position in MSA Safety Incorporporated by 2.8% during the fourth quarter. Clearstead Advisors LLC now owns 3,033 shares of the industrial products company’s stock worth $486,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.