The stock of MSA Safety Incorporated (NYSE:MSA) hit a new 52-week high and has $80.15 target or 27.00% above today’s $63.11 share price. The 7 months bullish chart indicates low risk for the $2.38B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $80.15 price target is reached, the company will be worth $642.60 million 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. About 47,945 shares traded hands. MSA Safety Incorporated (NYSE:MSA) has risen 29.75% since April 19, 2016 and is uptrending. It has outperformed by 25.89% 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) earned “Neutral” rating by Robert W. Baird on Friday, July 22. The stock has “Outperform” rating given by Barrington Research on Friday, October 23. The company was upgraded on Monday, October 31 by Robert W. Baird. The stock of MSA Safety Incorporated (NYSE:MSA) earned “Buy” rating by Stifel Nicolaus on Tuesday, June 14. Global Hunter Securities downgraded MSA Safety Incorporated (NYSE:MSA) on Friday, July 24 to “Neutral” rating. Sidoti downgraded the stock to “Neutral” rating in Tuesday, April 19 report.
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 decreased to 1.01 in 2016 Q2. Its down 0.34, from 1.35 in 2016Q1. The ratio dropped, 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.
Product Prtn Ltd Limited Liability Company has invested 0.07% of its portfolio in MSA Safety Incorporated (NYSE:MSA). Cortina Asset Management Ltd Liability holds 0.23% or 98,158 shares in its portfolio. Credit Suisse Ag holds 43,360 shares or 0% of its portfolio. Paloma Management accumulated 3,835 shares or 0% of the stock. Moreover, Us Bancorp De has 0.01% invested in MSA Safety Incorporated (NYSE:MSA) for 35,616 shares. Thrivent Financial For Lutherans reported 334,510 shares or 0.08% of all its holdings. Ls Invest Ltd holds 0.01% or 1,947 shares in its portfolio. Principal Fincl Group Inc Inc reported 423,118 shares or 0.03% of all its holdings. Royal National Bank & Trust Of Canada owns 1,980 shares or 0% of their US portfolio. Moreover, Ellington Management Group Ltd Liability Co has 0.32% invested in MSA Safety Incorporated (NYSE:MSA) for 4,400 shares. Blackrock Advsrs Limited has 14,632 shares for 0% of their US portfolio. Teton holds 0.05% or 9,500 shares in its portfolio. Eagle Asset Mngmt has 0.05% invested in the company for 134,430 shares. Gabelli Funds Limited Liability Corp, a New York-based fund reported 6,000 shares. Ancora Advisors Limited Liability holds 0.04% of its portfolio in MSA Safety Incorporated (NYSE:MSA) for 6,000 shares.
Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.32 million net activity. 19,200 shares were sold by LAMBERT WILLIAM M, worth $1.06M. MCCLAINE DOUGLAS K sold 4,731 shares worth $264,936.
More news for MSA Safety Incorporated (NYSE:MSA) were recently published by: Prnewswire.com, which released: “MSA Safety Incorporated Completes Acquisition of Latchways plc” on October 21, 2015. Prnewswire.com‘s article titled: “MSA Safety Incorporated to Acquire Latchways plc” and published on September 01, 2015 is yet another important article.
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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