MSA Safety Incorporporated (NYSE:MSA) Now Covered by Analysts at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. initiated coverage on shares of MSA Safety Incorporporated (NYSE:MSA) in a research note issued on Tuesday. The firm set a “neutral” rating and a $200.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 10.29% from the company’s previous close.

A number of other equities research analysts have also weighed in on MSA. Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, MSA Safety Incorporporated has a consensus rating of “Moderate Buy” and a consensus target price of $189.20.

MSA Safety Incorporporated Stock Performance

Shares of MSA stock opened at $181.33 on Tuesday. MSA Safety Incorporporated has a 12-month low of $127.86 and a 12-month high of $185.54. The business’s fifty day simple moving average is $168.41 and its 200-day simple moving average is $168.72. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 0.48. The company has a market cap of $7.10 billion, a PE ratio of 25.58 and a beta of 0.98.

Insider Buying and Selling

In other news, CAO Jonathan D. Buck sold 333 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $161.00, for a total value of $53,613.00. Following the sale, the chief accounting officer directly owned 4,434 shares of the company’s stock, valued at $713,874. This represents a 6.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in MSA Safety Incorporporated by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,792,712 shares of the industrial products company’s stock worth $607,365,000 after purchasing an additional 82,305 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. purchased a new stake in shares of MSA Safety Incorporporated in the second quarter valued at approximately $158,997,000. Cooke & Bieler LP raised its stake in shares of MSA Safety Incorporporated by 1.3% during the 3rd quarter. Cooke & Bieler LP now owns 824,620 shares of the industrial products company’s stock worth $141,892,000 after buying an additional 10,858 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of MSA Safety Incorporporated by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 754,748 shares of the industrial products company’s stock valued at $129,866,000 after buying an additional 16,576 shares in the last quarter. Finally, M&G PLC lifted its position in shares of MSA Safety Incorporporated by 5,607.2% during the 2nd quarter. M&G PLC now owns 722,251 shares of the industrial products company’s stock valued at $121,338,000 after buying an additional 709,596 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.