Forgent Power Solutions (NYSE:FPS) Upgraded at Zacks Research

Forgent Power Solutions (NYSE:FPS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on FPS. Weiss Ratings raised shares of Forgent Power Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Robert W. Baird set a $55.00 price objective on shares of Forgent Power Solutions in a report on Wednesday. KeyCorp raised their price objective on shares of Forgent Power Solutions from $41.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. The Goldman Sachs Group increased their price objective on Forgent Power Solutions from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Barclays lifted their price target on shares of Forgent Power Solutions from $44.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.75.

Forgent Power Solutions Price Performance

Shares of FPS opened at $42.70 on Tuesday. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year high of $66.00. The company has a 50 day moving average of $51.53. The stock has a market capitalization of $13.00 billion and a P/E ratio of 284.63.

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.