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

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $56.9091.

Several equities research analysts have recently issued reports on FPS shares. Morgan Stanley raised their price objective on shares of Forgent Power Solutions from $38.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Sunday, May 17th. The Goldman Sachs Group increased their price target on shares of Forgent Power Solutions from $49.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 15th. Barclays boosted their price objective on shares of Forgent Power Solutions from $44.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Weiss Ratings raised shares of Forgent Power Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Finally, TD Cowen increased their target price on shares of Forgent Power Solutions from $63.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, June 22nd.

Forgent Power Solutions Trading Up 1.7%

Shares of FPS stock opened at $46.06 on Friday. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $66.00. The firm has a market capitalization of $14.02 billion and a price-to-earnings ratio of 307.05. The stock’s 50 day simple moving average is $51.26.

About Forgent Power Solutions

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.