The stock of MSA Safety Incorporated (NYSE:MSA) hit a new 52-week high and has $93.17 target or 50.00% above today’s $62.11 share price. The 9 months bullish chart indicates low risk for the $2.24B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $93.17 price target is reached, the company will be worth $1.12 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.39% or $2.61 during the last trading session, hitting $62.11. About 253,417 shares traded hands or 126.16% up from the average. MSA Safety Incorporated (NYSE:MSA) has risen 26.41% since April 11, 2016 and is uptrending. It has outperformed by 20.26% the S&P500.
MSA Safety Incorporated (NYSE:MSA) Ratings Coverage
Out of 5 analysts covering MSA Safety Incorporated (NYSE:MSA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. MSA Safety Incorporated has been the topic of 6 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of MSA Safety Incorporated (NYSE:MSA) has “Neutral” rating given on Friday, July 24 by Global Hunter Securities. The firm has “Neutral” rating by Robert W. Baird given on Friday, July 22. Barrington Research maintained it with “Outperform” rating and $54 target price in Friday, October 23 report. Stifel Nicolaus upgraded the shares of MSA in a report on Tuesday, June 14 to “Buy” rating. The stock has “Neutral” rating given by Sidoti on Tuesday, April 19. As per Monday, October 31, the company rating was upgraded by Robert W. Baird.
According to Zacks Investment Research, “MSA Safety Inc. is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products and fall protection devices. It serves a broad range of industries, including the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. MSA Safety Inc., formerly known as Mine Safety Appliances Company, is headquartered in Cranberry Township, Pennsylvania.”
Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.01, from 1.34 in 2016Q1. The ratio improved, as 12 funds sold all MSA Safety Incorporated shares owned while 48 reduced positions. 21 funds bought stakes while 60 increased positions. They now own 22.29 million shares or 14.01% less from 25.92 million shares in 2016Q1.
Northern Tru holds 0.01% of its portfolio in MSA Safety Incorporated (NYSE:MSA) for 530,623 shares. State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 17,311 shares. Nationwide Fund Advisors, a Pennsylvania-based fund reported 74,277 shares. Blackrock holds 0% or 15,533 shares in its portfolio. New York State Common Retirement Fund accumulated 64,149 shares or 0% of the stock. Edge Asset Mgmt last reported 0.25% of its portfolio in the stock. Victory Capital Mngmt accumulated 7,802 shares or 0% of the stock. Moreover, Ancora Advsr Limited Liability Com has 0.04% invested in MSA Safety Incorporated (NYSE:MSA) for 6,000 shares. Invesco has invested 0% of its portfolio in MSA Safety Incorporated (NYSE:MSA). Moreover, Kcg Holdg has 0% invested in MSA Safety Incorporated (NYSE:MSA) for 3,913 shares. Blackrock Institutional Tru Na last reported 0.01% of its portfolio in the stock. Moreover, Strategic Invest Mgmt Llc has 0.22% invested in MSA Safety Incorporated (NYSE:MSA) for 7,827 shares. Moreover, Barclays Pcl has 0% invested in MSA Safety Incorporated (NYSE:MSA) for 696 shares. The Ohio-based Meeder Asset has invested 0.06% in MSA Safety Incorporated (NYSE:MSA). Liberty Mutual Grp Asset Management last reported 0.03% of its portfolio in the stock.
Insider Transactions: Since May 13, 2016, the stock had 0 insider buys, and 2 sales for $1.32 million net activity. LAMBERT WILLIAM M sold $1.06 million worth of stock or 19,200 shares. MCCLAINE DOUGLAS K also sold $264,936 worth of MSA Safety Incorporated (NYSE:MSA) shares. Shares for $61,582 were sold by SHAW L EDWARD JR on Friday, May 13.
More recent MSA Safety Incorporated (NYSE:MSA) news were published by: Prnewswire.com which released: “MSA Safety Incorporated Completes Acquisition of Latchways plc” on October 21, 2015. Also Prnewswire.com published the news titled: “MSA Safety Incorporated to Acquire Latchways plc” on September 01, 2015. Prnewswire.com‘s news article titled: “MSA to Present at Baird’s 2016 Global Industrial Conference” with publication date: November 03, 2016 was also an interesting one.
MSA Company Profile
MSA Safety Incorporated, incorporated on February 25, 2014, is engaged in the development, manufacture and supply of products that protect people and facility infrastructures. The Company’s safety products integrate a combination of electronics, mechanical systems and materials to protect users against hazardous or life threatening situations. The Firm operates through four geographic divisions: North America, Europe, International and Corporate. The Company’s line of safety products are used by workers around the world in a range of markets, including the gas and oil, fire service, construction and mining industries. The Firm also sells products designed for specific industrial and military applications. The Company’s core products include self-contained breathing apparatus (SCBA), fixed gas and flame detection systems, portable gas detection instruments, industrial head protection, fire and rescue helmets, and fall protection devices. The Company’s clients include distributors, industrial or military end users and retail consumers.
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