Skip to main content

Market Overview

UPDATE: Citigroup Reiterates Neutral Rating, Raises PT on Federal Signal Corporation

Share:

In a report published Monday, Citigroup reiterated its Neutral rating on Federal Signal Corporation (NYSE: FSS), and slightly raised its price target from $6.00 to $7.00.

Citigroup noted, “Federal Signal has a poor ten-year and five-year operating track record, though the portfolio transformation under CEO Dennis Martin appears to be driving some improvements. The company remains near the bottom of the MI-EE sector average on key metrics such as fiveyear EBIT margins of 4.7% vs the 13% sector average, inconsistent free cash flow generation, and a decline in revenue over the past ten years. More recent metrics are improving with the 1H12 operating margin up 330 bps Y/Y to 5.5% and management reiterating low double-digit segment margin targets.”

Federal Signal Corporation closed on Friday at $6.52.

Latest Ratings for FSS

DateFirmActionFromTo
Dec 2020Raymond JamesInitiates Coverage OnMarket Perform
Dec 2020KeyBancUpgradesSector WeightOverweight
Jul 2020Colliers SecuritiesInitiates Coverage OnBuy

View More Analyst Ratings for FSS
View the Latest Analyst Ratings

 

Related Articles (FSS)

View Comments and Join the Discussion!

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
FSRMorgan StanleyMaintains40.0
NATJefferiesMaintains2.8
MEDDA DavidsonMaintains302.0
VICRBWS FinancialMaintains120.0
PSXMizuhoMaintains96.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com