Robert W. Baird Has Lowered Expectations for MSA Safety (NYSE:MSA) Stock Price

MSA Safety (NYSE:MSA) had its price objective decreased by equities researchers at Robert W. Baird from $190.00 to $175.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target would indicate a potential upside of 10.57% from the company’s previous close.

MSA has been the subject of a number of other research reports. Jefferies Financial Group began coverage on MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective for the company. B. Riley initiated coverage on MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective for the company. Finally, DA Davidson began coverage on MSA Safety in a research note on Thursday, December 19th. They set a “buy” rating and a $195.00 target price on the stock. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, MSA Safety has a consensus rating of “Buy” and an average price target of $197.00.

MSA Safety Trading Down 3.1 %

MSA Safety stock opened at $158.28 on Tuesday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 22.87 and a beta of 1.00. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. MSA Safety has a 12 month low of $153.79 and a 12 month high of $200.60. The business’s fifty day simple moving average is $165.48 and its two-hundred day simple moving average is $171.28.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. As a group, equities analysts predict that MSA Safety will post 7.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MSA Safety

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new stake in MSA Safety in the 4th quarter valued at about $1,131,000. Great Valley Advisor Group Inc. increased its holdings in MSA Safety by 67.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 23,385 shares of the industrial products company’s stock worth $4,147,000 after purchasing an additional 9,433 shares during the period. Barclays PLC raised its position in MSA Safety by 62.0% in the 3rd quarter. Barclays PLC now owns 16,688 shares of the industrial products company’s stock valued at $2,959,000 after purchasing an additional 6,384 shares in the last quarter. Milestone Asset Management LLC purchased a new position in shares of MSA Safety in the 4th quarter valued at about $759,000. Finally, GSA Capital Partners LLP acquired a new position in shares of MSA Safety during the third quarter worth about $737,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Company Profile

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.