Federal Signal Corp. (NYSE: FSS) Downgraded by BMO Capital to Market Perform
Wednesday, April 27, 2022 3:00 PM

BMO Capital downgraded Federal Signal Corp. (NYSE: FSS) to Market Perform from Outperform citing valuation. The price target of the shares of the company is $7.

On March 16, 2011, the company reported a loss per share from continuing operations of $2.55 for the fourth quarter and a loss from continuing operations of $158.4 million on net sales of $186.7 million. For the same period of 2009, the Company reported earnings per share of $0.19 on income of $9.4 million from continuing operations on net sales of $205.6 million.

The shares of Federal Signal last traded at $6.66, up 3.10 percent. FSS has a 52-week low of $4.91 and a 52-week high of $10.30. The company has a total market cap of $0.40 billion. The price to earnings ratio of the company is 54.08, and the PEG ratio is 2.24.

Federal Signal Corporation designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers worldwide. The company operates in three segments: safety and security systems, fire rescue, and environmental solutions.