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Mine Safety Appliances (NYSE:MSA) was upgraded by research analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a report released on Friday, Stock Ratings Network reports.

Mine Safety Appliances (NYSE:MSA) traded down 0.50% during mid-day trading on Friday, hitting $51.70. The stock had a trading volume of 185,230 shares. Mine Safety Appliances has a 1-year low of $43.97 and a 1-year high of $55.38. The stock has a 50-day moving average of $51.27 and a 200-day moving average of $50.56. The company has a market cap of $1.910 billion and a P/E ratio of 22.00.

Mine Safety Appliances (NYSE:MSA) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.09. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $285.61 million. During the same quarter last year, the company posted $0.52 earnings per share. Mine Safety Appliances’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Mine Safety Appliances will post $2.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, February 12th.

Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Mine Safety Appliances in a research note on Tuesday. They set a “hold” rating on the stock. Separately, analysts at Robert W. Baird upgraded shares of Mine Safety Appliances from a “neutral” rating to an “outperform” rating in a research note on Monday, January 6th. Finally, analysts at Zacks upgraded shares of Mine Safety Appliances from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 2nd. They now have a $52.20 price target on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.10.

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety.

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