Forgent Power Solutions (NYSE:FPS) Stock Rating Upgraded by Zacks Research

Forgent Power Solutions (NYSE:FPS) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group upped their price target on shares of Forgent Power Solutions from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Jefferies Financial Group lifted their target price on shares of Forgent Power Solutions from $44.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Morgan Stanley upped their target price on shares of Forgent Power Solutions from $38.00 to $51.00 and gave the stock an “equal weight” rating in a report on Sunday, May 17th. Barclays raised their price target on Forgent Power Solutions from $44.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Finally, KeyCorp boosted their price objective on Forgent Power Solutions from $41.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Forgent Power Solutions has an average rating of “Moderate Buy” and an average price target of $56.75.

Forgent Power Solutions Trading Up 3.7%

Shares of NYSE:FPS opened at $42.70 on Tuesday. The company’s 50 day moving average is $51.53. The company has a market cap of $13.00 billion and a P/E ratio of 284.63. Forgent Power Solutions has a 12-month low of $25.95 and a 12-month 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.