Federal Signal (NYSE:FSS) Downgraded to “Hold” Rating by Zacks Research

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

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

Federal Signal Price Performance

Shares of Federal Signal stock opened at $118.92 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.60 and a quick ratio of 1.25. The business’s 50 day simple moving average is $123.33 and its two-hundred day simple moving average is $102.15. The stock has a market capitalization of $7.23 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32. Federal Signal has a one year low of $66.47 and a one year high of $130.30.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $564.60 million for the quarter, compared to analysts’ expectations of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Analysts forecast that Federal Signal will post 3.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Federal Signal during the first quarter valued at $29,000. Bessemer Group Inc. lifted its holdings in shares of Federal Signal by 78.4% during the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Federal Signal by 47.0% during the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 93 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Federal Signal by 1,003.8% during the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 261 shares in the last quarter. 92.73% of the stock is owned by 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.