MSA Safety Incorporated (MSA) is Downgraded by Robert W. Baird to Neutral, Raises Price Target to $ 57

MSA Safety Incorporated (MSA) was Downgraded by Robert W. Baird to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 57 from a previous price target of $54 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on MSA Safety Incorporated. Stifel Upgraded MSA Safety Incorporated on Jun 14, 2016 to ” Buy”, Price Target of the shares are set at $61.

On the company’s financial health, MSA Safety Incorporated reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.74. The company had revenue of $296.00 million for the quarter, compared to analysts expectations of $301.02 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

MSA Safety Incorporated opened for trading at $57.31 and hit $57.98 on the upside on Wednesday, eventually ending the session at $57.55, with a gain of 0.75% or 0.43 points. The heightened volatility saw the trading volume jump to 1,01,917 shares. Company has a market cap of $2,155 M.

In a different news, on May 13, 2016, L Edward Jr Shaw (director) sold 1,281 shares at $48.07 per share price. According to the SEC, on May 9, 2016, Diane M Pearse (director) sold 1,283 shares at $48.00 per share price. On Mar 16, 2016, Paul R Uhler (Vice President) sold 4,731 shares at $46.25 per share price, according to the Form-4 filing with the securities and exchange commission.

MSA Safety Incorporated

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