The Company has unveiled a new stock repurchase initiative, authorizing up to $150 million in buybacks of its common shares. This move enhances an earlier program from March 2020, which still had around $27 million available at the close of the first quarter.
This freshly approved repurchase plan is designed to offer financial returns to shareholders, boost shareholder value, and strategically manage the Company's capital resources. The program reflects a continuing commitment to optimize capital allocation and enhance shareholder wealth.
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 $101.80 with a high estimate of $115.00 and a low estimate of $82.00. The average target implies an upside of 38.37% from the current price of $73.57. 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 13.35% from the current price of $73.57. 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.
