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

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $56.75.

Several analysts recently issued reports on FPS shares. Oppenheimer lifted their target price on Forgent Power Solutions from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. The Goldman Sachs Group upped their price target on Forgent Power Solutions from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wolfe Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Forgent Power Solutions in a report on Thursday, July 9th. Jefferies Financial Group boosted their target price on shares of Forgent Power Solutions from $44.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Zacks Research upgraded shares of Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th.

Forgent Power Solutions Stock Down 10.1%

Shares of Forgent Power Solutions stock opened at $29.13 on Thursday. The stock has a market capitalization of $8.87 billion and a P/E ratio of 194.19. The firm has a 50-day simple moving average of $50.17. Forgent Power Solutions has a 52 week low of $25.95 and a 52 week high of $66.00.

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.