Shares of Forgent Power Solutions, Inc. (NYSE:FPS – Get Free Report) have earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $55.64.
Several analysts recently commented on the company. TD Cowen lifted their price objective on Forgent Power Solutions from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. reduced their price objective on Forgent Power Solutions from $56.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Robert W. Baird started coverage on Forgent Power Solutions in a report on Wednesday, July 15th. They issued an “outperform” rating and a $55.00 target price on the stock. Zacks Research raised Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Finally, Sanford C. Bernstein initiated coverage on Forgent Power Solutions in a research report on Friday, October 2nd. They issued an “outperform” rating and a $48.00 target price on the stock.
View Our Latest Analysis on FPS
Hedge Funds Weigh In On Forgent Power Solutions
Several institutional investors have recently made changes to their positions in FPS. Northwestern Mutual Wealth Management Co. purchased a new stake in Forgent Power Solutions during the second quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in Forgent Power Solutions by 918.5% in the third quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after acquiring an additional 845 shares during the period. Triumph Capital Management bought a new position in Forgent Power Solutions in the second quarter worth approximately $39,000. IFP Advisors Inc bought a new position in Forgent Power Solutions in the second quarter worth approximately $48,000. Finally, Gilpin Wealth Management LLC boosted its stake in shares of Forgent Power Solutions by 333.3% during the 3rd quarter. Gilpin Wealth Management LLC now owns 1,300 shares of the company’s stock worth $49,000 after acquiring an additional 1,000 shares during the last quarter.
Forgent Power Solutions Trading Down 0.6%
NYSE:FPS opened at $31.48 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The company has a 50 day simple moving average of $35.02 and a two-hundred day simple moving average of $40.86. Forgent Power Solutions has a 12 month low of $25.95 and a 12 month high of $66.00.
Forgent Power Solutions (NYSE:FPS – Get Free Report) last released its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $461.67 million for the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. Forgent Power Solutions’s revenue for the quarter was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. Sell-side analysts expect that Forgent Power Solutions will post 1.28 earnings per share for the current fiscal year.
About Forgent Power Solutions
Forgent Power Solutions, Inc is a North American provider of equipment and services used in electrical power distribution. The company supports utilities, commercial and industrial customers, renewable-energy projects, data centers, and other infrastructure operators that require reliable systems for managing and distributing electricity.
Its offerings include power transformers, switchgear, substations, and related electrical distribution equipment. Forgent also provides engineering, field services, maintenance, repair, and other support intended to help customers install, operate, and extend the useful life of critical power infrastructure.
The company serves customers across the United States and Canada through its manufacturing, distribution, and service operations.
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