MSA Safety Incorporporated (NYSE:MSA) Price Target Raised to $220.00 at JPMorgan Chase & Co.

MSA Safety Incorporporated (NYSE:MSA) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $210.00 to $220.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 13.77% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. DA Davidson reduced their price objective on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Robert W. Baird boosted their target price on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday. B. Riley Financial cut shares of MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and dropped their target price for the company from $210.00 to $195.00 in a research report on Monday. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $208.50.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA traded up $3.10 during trading on Monday, reaching $193.38. 105,083 shares of the company traded hands, compared to its average volume of 264,701. The firm has a market capitalization of $7.47 billion, a PE ratio of 24.05 and a beta of 0.95. MSA Safety Incorporporated has a 52 week low of $151.10 and a 52 week high of $208.92. The company has a quick ratio of 2.02, a current ratio of 3.24 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $168.43 and its two-hundred day moving average is $175.17.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.26. The company had revenue of $503.33 million for the quarter, compared to analysts’ expectations of $496.27 million. MSA Safety Incorporporated had a return on equity of 25.12% and a net margin of 16.13%.MSA Safety Incorporporated’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.93 earnings per share. As a group, sell-side analysts predict that MSA Safety Incorporporated will post 8.86 earnings per share for the current year.

Insider Activity at MSA Safety Incorporporated

In other news, CFO Julie A. Beck purchased 448 shares of MSA Safety Incorporporated stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $158.69 per share, for a total transaction of $71,093.12. Following the completion of the acquisition, the chief financial officer owned 3,825 shares in the company, valued at approximately $606,989.25. This trade represents a 13.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MSA. Sanctuary Advisors LLC grew its holdings in MSA Safety Incorporporated by 1.6% during the 4th quarter. Sanctuary Advisors LLC now owns 3,958 shares of the industrial products company’s stock worth $634,000 after acquiring an additional 64 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of MSA Safety Incorporporated by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 1,728 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 73 shares during the last quarter. Clearstead Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 2.8% during the fourth quarter. Clearstead Advisors LLC now owns 3,033 shares of the industrial products company’s stock valued at $486,000 after acquiring an additional 82 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of MSA Safety Incorporporated by 109.3% during the first quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 82 shares during the period. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of MSA Safety Incorporporated by 3.8% during the second quarter. Snowden Capital Advisors LLC now owns 2,327 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 85 shares during the period. Institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.