Stifel Nicolaus analyst Stanley Elliott maintained a Buy rating on MSA Safety (MSA – Research Report) yesterday and set a price target of $168.00. The company’s shares closed yesterday at $139.05.
Elliott covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Agco, and Terex. According to TipRanks, Elliott has an average return of 12.8% and a 60.86% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MSA Safety with a $158.00 average price target.
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Based on MSA Safety’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $398.26 million and a GAAP net loss of $150.17 million. In comparison, last year the company earned a revenue of $330.69 million and had a net profit of $35.54 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSA in relation to earlier this year.
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MSA Safety, Inc. engages in developing, manufacturing, and sale of innovative products, which enhances the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment consists of manufacturing and research and development facilities in U.S., Mexico, and Brazil. The International segment comprises of companies in Europe, Middle East, Africa, and the Asia Pacific region. The Corporate segment focuses on the general and administrative expenses incurred in its corporate headquarters. The company was founded in 1914 is headquartered in Cranberry Township, PA.
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