MSA Safety Incorporporated (NYSE:MSA) Price Target Raised to $215.00

by · The Markets Daily

MSA Safety Incorporporated (NYSE:MSA – Get Free Report) had its price target lifted by equities research analysts at Robert W. Baird from $197.00 to $215.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s target price would indicate a potential upside of 12.60% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Wall Street Zen cut shares of MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Finally, DA Davidson lowered their price target on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, MSA Safety Incorporporated presently has a consensus rating of “Hold” and an average price target of $207.20.

Check Out Our Latest Stock Analysis on MSA

MSA Safety Incorporporated Trading Up 0.4%

Shares of MSA Safety Incorporporated stock opened at $190.94 on Monday. MSA Safety Incorporporated has a fifty-two week low of $151.10 and a fifty-two week high of $208.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 3.24. The company has a market cap of $7.37 billion, a P/E ratio of 23.75 and a beta of 0.94. The firm has a 50-day simple moving average of $168.43 and a two-hundred day simple moving average of $175.17.

MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.26. The company had revenue of $503.33 million for the quarter, compared to the consensus estimate of $496.27 million. MSA Safety Incorporporated had a return on equity of 25.12% and a net margin of 16.13%.MSA Safety Incorporporated’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.93 earnings per share. As a group, equities analysts predict that MSA Safety Incorporporated will post 8.86 earnings per share for the current fiscal year.

Insider Buying and Selling at MSA Safety Incorporporated

In other news, CFO Julie A. Beck bought 448 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $158.69 per share, with a total value of $71,093.12. Following the purchase, the chief financial officer owned 3,825 shares in the company, valued at approximately $606,989.25. The trade was a 13.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Trading of MSA Safety Incorporporated

Large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its position in MSA Safety Incorporporated by 700.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 126 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of MSA Safety Incorporporated by 109.3% during the 1st quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. eCIO Inc. acquired a new stake in shares of MSA Safety Incorporporated during the 4th quarter worth about $27,000. Allied Private Wealth LLC purchased a new position in MSA Safety Incorporporated in the second quarter valued at approximately $27,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of MSA Safety Incorporporated by 94.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

About MSA Safety Incorporporated

(Get Free Report)

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.

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