Shares of Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report) saw strong trading volume on Friday . 6,934,987 shares traded hands during trading, an increase of 111% from the previous session's volume of 3,282,801 shares.The stock last traded at $29.84 and had previously closed at $30.06.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Forgent Power Solutions to a "hold" rating in a research note on Monday, February 16th. TD Cowen started coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued a "buy" rating and a $45.00 target price on the stock. Bank of America began coverage on shares of Forgent Power Solutions in a report on Monday, March 2nd. They issued a "buy" rating and a $48.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Forgent Power Solutions in a research note on Monday, March 2nd. They set an "overweight" rating and a $40.00 price objective on the stock. Finally, Zacks Research raised Forgent Power Solutions to a "hold" rating in a research note on Tuesday, March 10th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.40.
View Our Latest Research Report on FPS
Forgent Power Solutions Trading Up 2.3%
Forgent Power Solutions Company Profile
(
Get Free Report)
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.
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