Raymond James has revised its price target for Federal Signal (FSS, Financial), reducing it slightly from $105 to $100. Despite the adjustment, the firm maintains its Outperform rating on the stock. The revised target continues to reflect a premium compared to the average of other midcap industrial companies, which Raymond James considers justified due to anticipated improvements in profit margins and a positive trend in free cash flow.
Raymond James's confidence in Federal Signal (FSS, Financial) is bolstered by recent engagements with the company's senior management and discussions with several key dealers. These dealers collectively contribute to about 30% of Federal Signal's annual sales, highlighting the importance of their role in the company’s performance. The firm continues to view Federal Signal's strategic positioning favorably within the industrial sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Federal Signal Corp (FSS, Financial) is $102.80 with a high estimate of $115.00 and a low estimate of $82.00. The average target implies an upside of 34.80% from the current price of $76.26. More detailed estimate data can be found on the Federal Signal Corp (FSS) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Federal Signal Corp's (FSS, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Federal Signal Corp (FSS, Financial) in one year is $83.39, suggesting a upside of 9.35% from the current price of $76.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Federal Signal Corp (FSS) Summary page.
