MSA Safety Incorporporated (NYSE:MSA) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

A number of other brokerages have also recently weighed in on MSA. Robert W. Baird increased their price target on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Barrington Research raised their target price on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, May 2nd. Finally, Stifel Nicolaus raised their target price on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.50.

Shares of MSA Safety Incorporporated (MSA) traded down 0.48% on Thursday, hitting $68.61. 208,032 shares of the company traded hands. The stock’s 50-day moving average price is $76.25 and its 200-day moving average price is $74.87. The company has a market capitalization of $2.62 billion, a PE ratio of 34.56 and a beta of 1.62. MSA Safety Incorporporated has a 12 month low of $53.10 and a 12 month high of $84.86.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.02. The business had revenue of $288.78 million for the quarter, compared to analyst estimates of $302.94 million. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. On average, equities analysts predict that MSA Safety Incorporporated will post $3.17 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in MSA. BlackRock Inc. increased its position in shares of MSA Safety Incorporporated by 20,572.3% in the first quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock worth $225,685,000 after buying an additional 3,177,185 shares in the last quarter. State Street Corp increased its position in shares of MSA Safety Incorporporated by 117.4% in the first quarter. State Street Corp now owns 2,098,154 shares of the industrial products company’s stock worth $148,317,000 after buying an additional 1,133,038 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of MSA Safety Incorporporated by 96.4% in the second quarter. Principal Financial Group Inc. now owns 851,097 shares of the industrial products company’s stock worth $69,084,000 after buying an additional 417,796 shares in the last quarter. SG Capital Management LLC bought a new position in shares of MSA Safety Incorporporated during the second quarter worth about $25,020,000. Finally, Vanguard Group Inc. increased its position in shares of MSA Safety Incorporporated by 8.8% in the first quarter. Vanguard Group Inc. now owns 3,060,446 shares of the industrial products company’s stock worth $216,344,000 after buying an additional 247,532 shares in the last quarter. Institutional investors and hedge funds own 65.96% of the company’s stock.

About MSA Safety Incorporporated

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

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