Power Solutions International Upgraded by Litchfield Hills Research to “Buy” (PSIX)
Power Solutions International (NASDAQ:PSIX) was upgraded by investment analysts at Litchfield Hills Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a $65.00 price objective on the stock, up from their previous price objective of $35.00. Litchfield Hills Research’s price target indicates a potential upside of 17.52% from the stock’s previous close.
Power Solutions International (NASDAQ:PSIX) traded down 0.04% during mid-day trading on Tuesday, hitting $55.31. The stock had a trading volume of 27,564 shares. Power Solutions International has a 52-week low of $14.35 and a 52-week high of $58.22. The stock has a 50-day moving average of $51.86 and a 200-day moving average of $37.56. The company’s market cap is $513.7 million.
Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities raised their price target on shares of Power Solutions International (NASDAQ:PSIX) from $37.00 to $55.00 in a research note to investors on Thursday, September 5th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of Power Solutions International (NASDAQ:PSIX) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $49.50 price target on the stock.
Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.90.
Power Solutions International, Inc, formerly Format, Inc, is a producer and distributor of a range of power solutions for original equipment manufacturers of off-highway industrial equipment.
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