William Blair analyst Ross Sparenblek has maintained their bullish stance on FSS stock, giving a Buy rating on April 14.
Ross Sparenblek has given his Buy rating due to a combination of factors that highlight Federal Signal’s strong market position and growth potential. The company reported record orders with a notable year-over-year increase, driven by robust demand across its ESG and SSG segments. This demand is supported by improving production volumes for key products like street sweepers and sewer cleaners, which are essential for municipal operations.
Additionally, Federal Signal benefits from minimal tariff exposure and has opportunities to enhance margins through better capacity utilization. The company’s internal market share initiatives, such as geographical expansion and improved market strategies, further bolster its growth prospects. Healthy municipal budgets and increased industrial ordering activity provide a solid foundation for Federal Signal’s continued success, making it an attractive investment opportunity.
According to TipRanks, Sparenblek is a 2-star analyst with an average return of 1.0% and a 40.00% success rate. Sparenblek covers the Industrials sector, focusing on stocks such as Federal Signal, MSA Safety, and SPX.
In another report released on April 14, Raymond James also maintained a Buy rating on the stock with a $100.00 price target.