Power Solutions International Receives Consensus Rating of “Buy” from Analysts (NASDAQ:PSIX)
Shares of Power Solutions International (NASDAQ:PSIX) have earned a consensus rating of “Buy” from the nine brokerages that are covering the stock, StockRatingsNetwork.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $78.74.
A number of analysts have recently weighed in on PSIX shares. Analysts at Zacks upgraded shares of Power Solutions International from a “neutral” rating to an “outperform” rating in a research note on Monday, May 12th. They now have a $87.90 price target on the stock. Separately, analysts at Litchfield Hills Research raised their price target on shares of Power Solutions International from $77.00 to $88.00 in a research note on Friday, May 9th. Finally, analysts at FBR Capital Markets raised their price target on shares of Power Solutions International from $80.00 to $95.00 in a research note on Monday, April 21st. They now have an “outperform” rating on the stock.
Power Solutions International (NASDAQ:PSIX) traded down 0.99% during mid-day trading on Wednesday, hitting $75.26. The stock had a trading volume of 2,690 shares. Power Solutions International has a 52 week low of $32.49 and a 52 week high of $88.96. The stock has a 50-day moving average of $78.25 and a 200-day moving average of $74.35. The company’s market cap is $794.9 million.
Power Solutions International (NASDAQ:PSIX) last released its earnings data on Thursday, May 8th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.02. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $64.85 million. Power Solutions International’s revenue was up 26.8% compared to the same quarter last year. On average, analysts predict that Power Solutions International will post $1.43 earnings per share for the current fiscal year.
In other Power Solutions International news, COO Eric A. Cohen unloaded 43,081 shares of Power Solutions International stock on the open market in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $76.31, for a total value of $3,287,511.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Power Solutions International, Inc, is a global producer and distributor of a ranges of high performance, certified low emission, power systems for original equipment manufacturers of off-highway industrial equipment.
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