Federal Signal Corp (NYSE:FSS) price on Friday, February 28, fall -0.48% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $81.28.
A look at the stock’s price movement, the close in the last trading session was $81.67. The PE ratio in trailing twelve months stood at 23.18. Turning to its 52-week performance, $102.18 and $76.85 were the 52-week high and 52-week low respectively. Overall, FSS moved -16.61% over the past month.
Federal Signal Corp’s market cap currently stands at around $4.97 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 0.48, with its dividend yield at 0.59%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 464.28M for the company’s revenue for the quarter, with a low and high estimate of 454.5M and 482.6M respectively. The average forecast suggests up to a 9.27% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.04B, representing a 9.85% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FSS is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend FSS as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FSS’s current price about -13.80% and -14.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.91, while 7-day volatility ratio is 5.88% and 3.27% in the 30-day chart. Further, Federal Signal Corp (FSS) has a beta value of 1.03, and an average true range (ATR) of 3.45. Analysts have given the company’s stock an average 52-week price target of $47, forecast between a low of $42 and high of $94. Looking at the price targets, the low is 48.33% off current price level while to achieve the yearly target high, price needs to move -15.65%. Nonetheless, investors will most likely welcome a 42.18% jump to $47 which is the analysts’ median price.
If we refocus on Federal Signal Corp (NYSE:FSS), historical trading data shows that trading volumes averaged 392.74K over the past 3 months. The company’s latest data on shares outstanding shows there are 61.10 million shares.
The 2.37% of Federal Signal Corp’s shares are in the hands of company insiders while institutional holders own 96.46% of the company’s shares. Current price change has pushed the stock -12.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FSS stock continues to rise going into the next quarter.
