Forgent Power Solutions (NYSE:FPS) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Forgent Power Solutions (NYSE:FPS) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

FPS has been the topic of several other research reports. TD Cowen raised their price objective on shares of Forgent Power Solutions from $63.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research raised Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Wolfe Research restated an “outperform” rating and set a $60.00 price target on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Weiss Ratings raised Forgent Power Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Finally, KeyCorp upped their price objective on Forgent Power Solutions from $41.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $56.75.

Forgent Power Solutions Trading Up 0.8%

FPS stock opened at $39.90 on Wednesday. Forgent Power Solutions has a one year low of $25.95 and a one year high of $66.00. The stock has a market cap of $12.15 billion and a PE ratio of 265.97. The business has a 50 day moving average of $51.52.

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.