Brokerages Set Forgent Power Solutions, Inc. (NYSE:FPS) Price Target at $55.36

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, 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 price objective among brokerages that have issued ratings on the stock in the last year is $56.9091.

A number of equities research analysts recently commented on the stock. Barclays increased their target price on shares of Forgent Power Solutions from $44.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings raised shares of Forgent Power Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. KeyCorp increased their price objective on Forgent Power Solutions from $41.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 15th. 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 report on Friday, May 29th. Finally, TD Cowen boosted their target price on Forgent Power Solutions from $63.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd.

Forgent Power Solutions Price Performance

Shares of NYSE:FPS traded down $0.41 during trading on Friday, reaching $45.74. The stock had a trading volume of 4,273,462 shares, compared to its average volume of 5,631,423. The stock has a 50-day moving average of $51.45. Forgent Power Solutions has a one year low of $25.95 and a one year high of $66.00. The firm has a market cap of $13.92 billion and a P/E ratio of 304.93.

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.