Forgent Power Solutions (NYSE:FPS) Raised to “Hold” at Zacks Research

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

FPS has been the subject of a number of other research reports. KeyCorp initiated coverage on shares of Forgent Power Solutions in a research report on Monday, March 2nd. They set an “overweight” rating and a $41.00 target price for the company. TD Cowen began coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They set a “buy” rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Forgent Power Solutions in a research note on Monday, March 2nd. They issued an “overweight” rating and a $40.00 target price for the company. Jefferies Financial Group assumed coverage on Forgent Power Solutions in a report on Monday, March 2nd. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Wolfe Research set a $48.00 price target on Forgent Power Solutions in a report on Monday, March 2nd. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.30.

Forgent Power Solutions Stock Performance

Forgent Power Solutions stock opened at $35.53 on Tuesday. Forgent Power Solutions has a 52-week low of $25.95 and a 52-week high of $37.53.

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.