MSA Safety (NYSE:MSA) Coverage Initiated at DA Davidson

Analysts at DA Davidson began coverage on shares of MSA Safety (NYSE:MSA) in a research report issued to clients and investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $195.00 price target on the industrial products company’s stock. DA Davidson’s target price would suggest a potential upside of 18.57% from the stock’s current price.

A number of other analysts have also issued reports on MSA. Jefferies Financial Group initiated coverage on MSA Safety in a report on Thursday, December 12th. They issued a “hold” rating and a $200.00 target price for the company. B. Riley began coverage on MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price on the stock. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MSA Safety presently has an average rating of “Buy” and a consensus target price of $202.50.

MSA Safety Trading Down 2.7 %

Shares of MSA opened at $164.46 on Thursday. The business’s 50-day moving average price is $172.12 and its 200 day moving average price is $177.87. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $6.46 billion, a P/E ratio of 23.77 and a beta of 0.99. MSA Safety has a 1-year low of $160.02 and a 1-year high of $200.60.

MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The business had revenue of $432.68 million for the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Analysts expect that MSA Safety will post 7.64 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of 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 in the last quarter. Quarry LP grew its position in MSA Safety by 690.5% in the third quarter. Quarry LP now owns 751 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 656 shares in the last quarter. Covestor Ltd increased its stake in shares of MSA Safety by 985.1% during the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 729 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of MSA Safety during the 3rd quarter worth $198,000. Finally, Kowal Investment Group LLC bought a new position in shares of MSA Safety during the 2nd quarter valued at $204,000. 92.51% of the stock is owned by institutional investors and hedge funds.

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.