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

Forgent Power Solutions, Inc. (NYSE:FPS) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $56.75.

Several equities research analysts have recently commented on the company. Oppenheimer upped their price objective on Forgent Power Solutions from $43.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Zacks Research raised Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Robert W. Baird began coverage on Forgent Power Solutions in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $55.00 price target for the company. Jefferies Financial Group raised their price objective on Forgent Power Solutions from $44.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Forgent Power Solutions in a research report on Thursday, July 9th.

Forgent Power Solutions Stock Down 10.1%

FPS opened at $29.13 on Thursday. The stock has a 50 day simple moving average of $50.17. The company has a market capitalization of $8.87 billion and a P/E ratio of 194.19. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year 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.