Robert W. Baird Issues Pessimistic Forecast for MSA Safety (NYSE:MSA) Stock Price

MSA Safety (NYSE:MSA) had its price target dropped by research analysts at Robert W. Baird from $190.00 to $175.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 10.40% from the company’s current price.

Several other research firms also recently issued reports on MSA. DA Davidson assumed coverage on MSA Safety in a research note on Thursday, December 19th. They set a “buy” rating and a $195.00 price target for the company. B. Riley assumed coverage on MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on MSA Safety in a research note on Thursday, December 12th. They set a “hold” rating and a $200.00 price target for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, MSA Safety currently has an average rating of “Buy” and an average target price of $197.00.

MSA Safety Price Performance

MSA Safety stock opened at $158.52 on Tuesday. MSA Safety has a one year low of $153.79 and a one year high of $200.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.79. The business has a fifty day moving average of $164.72 and a two-hundred day moving average of $171.04. The company has a market cap of $6.23 billion, a P/E ratio of 21.99 and a beta of 1.00.

MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. MSA Safety had a return on equity of 28.62% and a net margin of 15.76%. As a group, analysts predict that MSA Safety will post 7.99 earnings per share for the current fiscal year.

Institutional Trading of MSA Safety

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSA. UMB Bank n.a. increased its position in MSA Safety by 78.4% during the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 80 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in MSA Safety by 120.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company’s stock valued at $37,000 after buying an additional 123 shares during the period. JFS Wealth Advisors LLC grew its holdings in MSA Safety by 97.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company’s stock valued at $42,000 after buying an additional 124 shares during the period. Blue Trust Inc. grew its holdings in MSA Safety by 486.0% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after buying an additional 209 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in MSA Safety by 81.3% in the 4th quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company’s stock valued at $55,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.