Federal Signal (FSS) is currently showing signs of being oversold, with an RSI of 27.26, indicating potential exhaustion of selling pressure and a possible buying opportunity. The stock is trading near its 52-week low, suggesting it may be undervalued.
FSS reported record revenue and growth for Q4, with adjusted EPS matching consensus at 87 cents. The company projects FY25 adjusted EPS between $3.60 and $3.90, indicating strong growth prospects.
FSS management met with KeyBanc, which could lead to positive developments. The upcoming ex-dividend date might cause a slight dip, but the impact is expected to be minimal.
Based on oversold conditions and strong fundamentals, FSS is expected to rise to $80 next week.
Recommendation: Buy FSS at current levels with a target price of $80.
The price of FSS is predicted to go up -71.21%, based on the high correlation periods with LIQT. The similarity of these two price pattern on the periods is 99.07%.
FSS
LIQT
Raymond James
2024-12-24
Price Target
$110
Upside
+17.53%
DA Davidson
2024-11-05
Price Target
$94 → $90
Downside
-0.42%