Federal Signal (NYSE:FSS) Upgraded by StockNews.com to "Buy" Rating

StockNews.com upgraded shares of Federal Signal (NYSE:FSS - Free Report) from a hold rating to a buy rating in a report published on Friday.

Several other research analysts also recently commented on FSS. Raymond James reissued an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. DA Davidson decreased their price objective on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th.

Federal Signal Price Performance

Shares of FSS stock traded down $3.48 on Friday, hitting $93.64. 389,296 shares of the stock traded hands, compared to its average volume of 373,753. The firm has a 50 day simple moving average of $95.88 and a two-hundred day simple moving average of $92.97. Federal Signal has a 52 week low of $76.85 and a 52 week high of $102.18. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quarry LP grew its position in Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Federal Signal in the 3rd quarter worth about $46,000. Signaturefd LLC increased its position in shares of Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after acquiring an additional 165 shares during the period. Millburn Ridgefield Corp bought a new stake in shares of Federal Signal during the third quarter valued at approximately $70,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Federal Signal by 19.9% in the fourth quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock valued at $81,000 after purchasing an additional 145 shares during the period. 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.