Federal Signal (FSS) Stock Rating Upgraded by Zacks Investment Research

Federal Signal (NYSE:FSS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm currently has a $22.00 price target on the conglomerate’s stock. Zacks Investment Research‘s price target points to a potential upside of 16.59% from the company’s current price.

According to Zacks, “Federal Signal Corporation (NYSE:FSS) is a leader in environmental and safety solutions. It provides products and services to protect people and the planet. Federal Signal is a leading global designer, manufacturer and supplier of products of and total solutions that serve municipal, governmental, industrial and commercial customers. With manufacturing facilities worldwide, the company operates through the following business segments: Environmental Solutions and Safety and Security Systems. Federal Signal is best known for its variety of emergency lighting, sirens, industrial equipment, and public safety solutions under brands including Federal Signal, Elgin, Guzzler, Jetstream, Vactor and Victor. Federal Signal Corporation is headquartered in Oak Brook, IL. “

Separately, ValuEngine lowered Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Federal Signal currently has an average rating of “Buy” and a consensus target price of $21.00.

Federal Signal (NYSE FSS) traded down $0.36 during trading on Tuesday, reaching $18.87. The company had a trading volume of 1,158,561 shares, compared to its average volume of 274,306. The firm has a market cap of $1,198.48, a price-to-earnings ratio of 25.85 and a beta of 1.27. The company has a quick ratio of 1.23, a current ratio of 2.37 and a debt-to-equity ratio of 0.67. Federal Signal has a 12-month low of $13.07 and a 12-month high of $23.64.

In other Federal Signal news, Director Brenda Reichelderfer sold 45,721 shares of Federal Signal stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $20.76, for a total transaction of $949,167.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dennis J. Martin sold 45,172 shares of Federal Signal stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The disclosure for this sale can be found here. Insiders have sold a total of 110,172 shares of company stock worth $2,338,207 over the last 90 days. 4.20% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Federal Signal during the 3rd quarter worth approximately $120,000. First Quadrant L P CA purchased a new stake in Federal Signal during the 3rd quarter worth approximately $187,000. GW&K Investment Management LLC purchased a new stake in Federal Signal during the 4th quarter worth approximately $200,000. SG Americas Securities LLC purchased a new stake in Federal Signal during the 3rd quarter worth approximately $212,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Federal Signal during the 3rd quarter worth approximately $241,000. Institutional investors own 84.15% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/02/06/federal-signal-fss-stock-rating-upgraded-by-zacks-investment-research.html.

About Federal Signal

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.

Get a free copy of the Zacks research report on Federal Signal (FSS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply