Forgent Power Solutions, Inc. (NYSE:FPS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $51.7273.

A number of analysts have recently commented on the stock. TD Securities reiterated a “buy” rating and issued a $63.00 price target on shares of Forgent Power Solutions in a research note on Friday, May 15th. Bank of America assumed coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $48.00 price target for the company. KeyCorp lifted their price target on shares of Forgent Power Solutions from $41.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Zacks Research upgraded shares of Forgent Power Solutions to a “hold” rating in a research note on Tuesday, March 10th. Finally, Weiss Ratings upgraded shares of Forgent Power Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th.

Forgent Power Solutions Price Performance

Shares of Forgent Power Solutions stock opened at $44.84 on Friday. Forgent Power Solutions has a 52-week low of $25.95 and a 52-week high of $51.00. The business has a 50-day moving average price of $35.53.

Forgent Power Solutions Company Profile

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.