Federal Signal Corp. Downgraded to Neutral at Zacks (FSS)
Federal Signal Corp. (NYSE:FSS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, Analyst Ratings Network.com reports. They currently have a $15.20 price objective on the stock. Zacks‘ target price would indicate a potential upside of 7.80% from the stock’s previous close.
A number of other analysts have also recently weighed in on FSS. Analysts at Global Hunter Securities downgraded shares of Federal Signal Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $14.00 price target on the stock, up previously from $13.00. They noted that the move was a valuation call. Finally, analysts at TheStreet upgraded shares of Federal Signal Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Federal Signal Corp. presently has an average rating of “Hold” and an average target price of $12.30.
Federal Signal Corp. (NYSE:FSS) traded up 3.15% on Thursday, hitting $14.10. 331,665 shares of the company’s stock traded hands. Federal Signal Corp. has a 52-week low of $5.08 and a 52-week high of $13.00. The stock’s 50-day moving average is $11.06 and its 200-day moving average is $9.08. The company has a market cap of $882.6 million and a price-to-earnings ratio of 8.02.
Federal Signal Corp. (NYSE:FSS) last announced its earnings results on Friday, August 9th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.09. The company had revenue of $222.60 million for the quarter, compared to the consensus estimate of $208.80 million. During the same quarter last year, the company posted $0.15 earnings per share. Federal Signal Corp.’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Federal Signal Corp. will post $0.70 earnings per share for the current fiscal year.
Federal Signal Corporation designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers.
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