Federal Signal (NYSE:FSS) Stock Rating Upgraded by StockNews.com

Federal Signal (NYSE:FSS - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other analysts also recently weighed in on FSS. DA Davidson lowered their price target on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Raymond James reissued an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a research note on Tuesday.

Federal Signal Price Performance

Shares of FSS traded down $1.35 during midday trading on Friday, reaching $92.66. The stock had a trading volume of 497,628 shares, compared to its average volume of 355,288. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 26.86 and a beta of 0.99. The company's 50-day moving average is $92.03 and its 200 day moving average is $91.03. Federal Signal has a 12-month low of $71.29 and a 12-month high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. The business had revenue of $474.20 million during the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Federal Signal's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, equities analysts predict that Federal Signal will post 3.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in Federal Signal in the 3rd quarter worth $29,000. Quarry LP raised its stake in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock worth $40,000 after buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Federal Signal in the third quarter worth about $46,000. Point72 DIFC Ltd bought a new stake in Federal Signal during the 2nd quarter valued at approximately $62,000. Finally, Millburn Ridgefield Corp bought a new stake in Federal Signal during the 3rd quarter valued at approximately $70,000. Institutional investors own 92.73% of the company's stock.

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.