Stifel reiterates Hold on MSA Safety stock, keeps $206 target

Stifel has kept its Hold rating on MSA Safety (NYSE:MSA) shares, maintaining a $206.00 price target. The stock is currently trading at $179.66, with a market capitalization of $6.93 billion. InvestingPro analysis suggests that MSA is undervalued at its current price point. Adjustments were made to the firm's financial model following the most recent quarter due to a higher second-half 2026 tax rate.

These updates were informed by the company's 10-Q filing. Revenue and adjusted EBITDA estimates for fiscal years 2026 and 2027 remain largely unchanged, although there was a minor adjustment to the quarterly cadence. The $206 target is based on a 14.5 times multiple of MSA's 2027 adjusted EBITDA estimate. MSA Safety displays strong financial health, boasting a perfect Piotroski Score of 9.

For those interested in deeper analysis, MSA's Pro Research Report and 10 additional exclusive ProTips are available. Notably, MSA Safety reported impressive second-quarter 2026 earnings, exceeding Wall Street's expectations with $2.40 adjusted earnings per share and $503.3 million in revenue. The company also noted significant margin improvements, with gross margin at 49.5% and adjusted operating margin at 24.1%.

Free cash flow surged by 118% to $83 million. DA Davidson raised its price target for MSA Safety shares to $223 while keeping a Buy rating, citing strong growth in the industrial personal protective equipment sector and the success of new products like helmets.