In a report released yesterday, Walter Liptak from Seaport Global reiterated a Buy rating on Federal Signal Corp (NYSE: FSS), with a price target of $32. The company’s shares closed yesterday at $25.60.
According to TipRanks.com, Liptak is a 4-star analyst with an average return of 10.1% and a 64.3% success rate. Liptak covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, John Bean Technologies, and Mueller Water Products.
Federal Signal Corp has an analyst consensus of Moderate Buy, with a price target consensus of $29.50.
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Based on Federal Signal Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $291 million and net profit of $26.9 million. In comparison, last year the company had a net profit of $11.4 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Jennifer Sherman, the President & CEO of FSS sold 96,056 shares for a total of $2,334,821.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Federal Signal Corp. engages in the designand 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.
