Forgent Power Solutions (NYSE:FPS) Upgraded by Zacks Research to “Hold” Rating

Forgent Power Solutions (NYSE:FPS) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

FPS has been the subject of several other research reports. JPMorgan Chase & Co. began coverage on Forgent Power Solutions in a research report on Monday, March 2nd. They issued an “overweight” rating and a $40.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued a “buy” rating and a $48.00 target price on the stock. Wall Street Zen upgraded shares of Forgent Power Solutions to a “hold” rating in a report on Monday, February 16th. Bank of America initiated coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set a “buy” rating and a $48.00 price target for the company. Finally, Wolfe Research set a $48.00 price target on shares of Forgent Power Solutions in a report on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.30.

Forgent Power Solutions Stock Performance

Shares of FPS stock opened at $35.53 on Tuesday. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year high of $37.53.

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.