Forgent Power Solutions, Inc. (NYSE:FPS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $52.8182.

FPS has been the subject of a number of recent research reports. Barclays boosted their target price on Forgent Power Solutions from $44.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings upgraded Forgent Power Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Bank of America initiated coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued a “buy” rating and a $48.00 target price for the company. TD Securities restated a “buy” rating and issued a $63.00 target price on shares of Forgent Power Solutions in a research report on Friday, May 15th. Finally, Oppenheimer boosted their target price on Forgent Power Solutions from $43.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th.

Forgent Power Solutions Stock Down 3.8%

FPS stock opened at $57.09 on Wednesday. Forgent Power Solutions has a twelve month low of $25.95 and a twelve month high of $65.56. The firm’s 50-day moving average is $41.23.

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.