Federal Signal Corporation (NYSE:FSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm currently has a $21.00 target price on the conglomerate’s stock. Zacks Investment Research‘s target price points to a potential upside of 6.49% from the company’s current price.

According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “

Separately, BidaskClub raised Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Four investment analysts have rated the stock with a buy rating, Federal Signal Corporation has a consensus rating of “Buy” and a consensus target price of $20.50.

Federal Signal Corporation (NYSE:FSS) traded up 3.35% on Thursday, reaching $19.72. 327,823 shares of the company’s stock were exchanged. Federal Signal Corporation has a one year low of $11.68 and a one year high of $20.13. The firm has a 50 day moving average price of $18.51 and a 200 day moving average price of $16.41. The firm has a market cap of $1.18 billion, a PE ratio of 30.11 and a beta of 1.36.

Federal Signal Corporation (NYSE:FSS) last issued its earnings results on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The business had revenue of $224.40 million during the quarter, compared to the consensus estimate of $206.53 million. During the same period last year, the company earned $0.17 EPS. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities analysts anticipate that Federal Signal Corporation will post $0.79 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. IFP Advisors Inc increased its position in shares of Federal Signal Corporation by 12,320.0% during the 2nd quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after purchasing an additional 6,776 shares during the last quarter. Pinebridge Investments L.P. increased its position in shares of Federal Signal Corporation by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after purchasing an additional 86 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Federal Signal Corporation during the 1st quarter worth about $162,000. State of Alaska Department of Revenue increased its position in shares of Federal Signal Corporation by 79.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,807 shares of the conglomerate’s stock worth $204,000 after purchasing an additional 5,217 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Federal Signal Corporation during the 2nd quarter worth about $205,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

About Federal Signal Corporation

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

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