Forgent Power Solutions, Inc. (NYSE:FPS) Stock Has Average Price Target of $56.07

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $56.07.

Several research analysts recently weighed in on FPS shares. Wells Fargo & Company began coverage on Forgent Power Solutions in a research report on Thursday, September 24th. They set an “equal weight” rating and a $44.00 price target for the company. Zacks Research upgraded Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Weiss Ratings cut shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. JPMorgan Chase & Co. cut their target price on shares of Forgent Power Solutions from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday. Finally, Wolfe Research reiterated an “outperform” rating and issued a $60.00 target price on shares of Forgent Power Solutions in a research note on Thursday, July 9th.

Forgent Power Solutions Stock Down 7.5%

FPS stock opened at $37.04 on Tuesday. The company has a market capitalization of $11.28 billion and a P/E ratio of 94.97. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $66.00. The firm’s fifty day simple moving average is $35.57 and its 200-day simple moving average is $40.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 1.07.

Forgent Power Solutions (NYSE:FPS) last issued its earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The firm had revenue of $461.67 million during the quarter. Forgent Power Solutions’s revenue was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. As a group, equities research analysts forecast that Forgent Power Solutions will post 1.27 earnings per share for the current year.

Institutional Trading of Forgent Power Solutions

Several institutional investors have recently bought and sold shares of FPS. Value Aligned Research Advisors LLC purchased a new stake in shares of Forgent Power Solutions in the second quarter valued at approximately $176,441,000. State Street Corp purchased a new position in shares of Forgent Power Solutions during the 2nd quarter valued at approximately $118,073,000. Spyglass Capital Management LLC purchased a new position in shares of Forgent Power Solutions during the 2nd quarter valued at approximately $39,401,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Forgent Power Solutions in the 2nd quarter valued at $23,123,000. Finally, Bank of New York Mellon Corp grew its stake in Forgent Power Solutions by 813.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 326,317 shares of the company’s stock valued at $18,228,000 after acquiring an additional 290,577 shares during the period.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc is an electrical infrastructure company that provides equipment and related solutions used in power generation, transmission, distribution and industrial applications. Its offerings support the delivery, control and management of electricity across utility and commercial power systems.

The company’s products and services include transformers, switchgear, substations and other electrical distribution equipment. These solutions are used by electric utilities, industrial customers, commercial facilities and other organizations that require reliable power infrastructure.

Forgent Power Solutions serves customers involved in the North American power and electrical infrastructure markets.