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

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $55.3636.

FPS has been the topic of a number of research reports. Oppenheimer upped their price target on shares of 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 boosted 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. KeyCorp increased their target price on Forgent Power Solutions from $41.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. TD Cowen lifted their price target on Forgent Power Solutions from $63.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Barclays boosted their price target on Forgent Power Solutions from $44.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, May 15th.

Forgent Power Solutions Price Performance

Shares of FPS opened at $46.89 on Friday. The company has a 50-day moving average of $50.47. The company has a market capitalization of $14.27 billion and a price-to-earnings ratio of 312.57. Forgent Power Solutions has a fifty-two week low of $25.95 and a fifty-two 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.