Federal Signal (NYSE:FSS) Rating Lowered to “Hold” at Zacks Research

Federal Signal (NYSE:FSS) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Federal Signal in a report on Friday, July 11th. CJS Securities reaffirmed a “market perform” rating and set a $125.00 price objective on shares of Federal Signal in a report on Thursday, July 31st. DA Davidson increased their price objective on shares of Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, Raymond James Financial increased their price objective on shares of Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $123.00.

Federal Signal Trading Down 0.1%

Federal Signal stock opened at $118.92 on Monday. The firm has a 50 day moving average of $123.33 and a 200 day moving average of $102.15. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 2.12 and a beta of 1.32. Federal Signal has a 12-month low of $66.47 and a 12-month high of $130.30. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The business had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. During the same period last year, the firm posted $0.95 EPS. The company’s revenue was up 15.1% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, research analysts predict that Federal Signal will post 3.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in shares of Federal Signal in the first quarter valued at $876,000. PNC Financial Services Group Inc. lifted its position in Federal Signal by 29.1% in the first quarter. PNC Financial Services Group Inc. now owns 10,069 shares of the conglomerate’s stock worth $741,000 after buying an additional 2,267 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Federal Signal by 21.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,641 shares of the conglomerate’s stock worth $1,150,000 after buying an additional 2,724 shares during the last quarter. Bessemer Group Inc. lifted its position in Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after buying an additional 185 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Federal Signal by 66.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,067 shares of the conglomerate’s stock worth $814,000 after buying an additional 4,405 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.