Wall Street Zen Upgrades Power Solutions International (NASDAQ:PSIX) to Buy

Key Points

• Wall Street Zen upgraded Power Solutions International (PSIX) from “hold” to “buy.” MarketBeat reports a consensus “Buy” rating and an average price target of $99.95.
• PSIX shares opened at $39.16, with the article noting they were up 9.2%. The stock’s 12-month range is $25.28–$106.50.
• In its latest reported quarter, the company posted EPS of $1.30 and revenue of $202.07 million; return on equity was 37.73% and net margin was 10.03%.

Power Solutions International (NASDAQ:PSIX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also weighed in on PSIX. Weiss Ratings restated a "hold (c)" rating on shares of Power Solutions International in a report on Thursday, October 22nd. Freedom Capital upgraded shares of Power Solutions International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $99.95.

Power Solutions International Stock Up 9.2%

Shares of Power Solutions International stock opened at $39.16 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $44.81 and a 200 day moving average price of $52.22. Power Solutions International has a twelve month low of $25.28 and a twelve month high of $106.50. The stock has a market cap of $903.42 million, a price-to-earnings ratio of 12.84 and a beta of 2.08.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.30 EPS for the quarter. Power Solutions International had a return on equity of 37.73% and a net margin of 10.03%. The company had revenue of $202.07 million during the quarter.

Hedge Funds Weigh In On Power Solutions International

A number of large investors have recently bought and sold shares of PSIX. Global Assets Advisory LLC acquired a new position in shares of Power Solutions International in the 1st quarter valued at approximately $33,000. New York State Teachers Retirement System purchased a new position in shares of Power Solutions International in the first quarter valued at $48,000. Integrated Wealth Concepts LLC purchased a new position in shares of Power Solutions International during the second quarter valued at about $63,000. Rockefeller Capital Management L.P. increased its position in Power Solutions International by 178.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,812 shares of the company's stock worth $104,000 after buying an additional 1,162 shares in the last quarter. Finally, Hamilton Wealth LLC bought a new position in Power Solutions International during the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

About Power Solutions International

Power Solutions International, Inc NASDAQ: PSIX designs, engineers, manufactures and distributes power systems and engines for a range of commercial, industrial and specialty applications. The company develops powertrain solutions intended to meet the performance, emissions and packaging requirements of original equipment manufacturers and end users.

Its product portfolio includes engines powered by gasoline, diesel, natural gas and propane, along with related electronic controls, fuel systems and power-management technologies.

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