Forgent Power Solutions (NYSE:FPS) Now Covered by Analysts at Roth Capital

Key Points

• Roth Capital initiated coverage of Forgent Power Solutions with a “buy” rating. Analysts overall rate the stock “Moderate Buy,” with an average price target of $54.21.
• FPS opened at $18.09 Friday, near its 12-month low of $17.98 and well below its 12-month high of $66.00.
• In its latest quarter, the company earned $0.25 per share, slightly above estimates, while revenue rose 94.3% year over year to $461.67 million.

Equities researchers at Roth Capital began coverage on shares of Forgent Power Solutions (NYSE:FPS - Get Free Report) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set a "buy" rating on the stock.

Several other research analysts have also recently issued reports on the stock. Wolfe Research reissued an "outperform" rating and set a $60.00 target price on shares of Forgent Power Solutions in a report on Thursday, July 9th. Weiss Ratings downgraded shares of Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 2nd. Zacks Research raised shares of Forgent Power Solutions from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. KeyCorp reaffirmed an "overweight" rating on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Finally, Oppenheimer reiterated an "outperform" rating and set a $60.00 price objective on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Forgent Power Solutions has an average rating of "Moderate Buy" and an average price target of $54.21.

Forgent Power Solutions Price Performance

Shares of NYSE:FPS opened at $18.09 on Friday. Forgent Power Solutions has a twelve month low of $17.98 and a twelve month high of $66.00. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $5.51 billion and a PE ratio of 46.38. The company's 50 day moving average is $32.65 and its 200 day moving average is $38.46.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $461.67 million during the quarter. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The business'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. On average, sell-side analysts forecast that Forgent Power Solutions will post 1.28 EPS for the current year.

Institutional Investors Weigh In On Forgent Power Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC purchased a new position in shares of Forgent Power Solutions in the 2nd quarter valued at about $7,858,000. Spyglass Capital Management LLC acquired a new position in Forgent Power Solutions in the 2nd quarter worth about $39,401,000. Scholtz & Company LLC purchased a new position in Forgent Power Solutions during the second quarter worth approximately $1,892,000. Moore Capital Management LP acquired a new stake in Forgent Power Solutions in the second quarter valued at approximately $10,401,000. Finally, Amundi acquired a new stake in Forgent Power Solutions in the second quarter valued at approximately $8,695,000.

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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