Forgent Power Solutions (NYSE:FPS) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Forgent Power Solutions (NYSE: FPS) from “strong buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $56.75.
• Analyst views are mixed: TD Securities, Oppenheimer and Barclays maintain bullish ratings, while Morgan Stanley rates the stock “equal weight” and Weiss Ratings rates it “sell.”
• FPS opened at $31.07, with a $9.46 billion market capitalization and a 52-week range of $25.95 to $66.00; several institutional investors also recently established new positions.

Forgent Power Solutions (NYSE:FPS - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Tuesday, Zacks reports.

FPS has been the topic of several other research reports. TD Securities reissued a "buy" rating and set a $63.00 price target on shares of Forgent Power Solutions in a research note on Friday, May 15th. Morgan Stanley lifted their price objective on Forgent Power Solutions from $38.00 to $51.00 and gave the stock an "equal weight" rating in a report on Sunday, May 17th. Weiss Ratings lowered Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. Oppenheimer lifted their price target on Forgent Power Solutions from $43.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. Finally, Barclays increased their price objective on shares of Forgent Power Solutions from $44.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.75.

Forgent Power Solutions Stock Performance

NYSE:FPS opened at $31.07 on Tuesday. The stock has a market cap of $9.46 billion and a PE ratio of 207.11. Forgent Power Solutions has a fifty-two week low of $25.95 and a fifty-two week high of $66.00. The firm's fifty day simple moving average is $36.93 and its 200-day simple moving average is $40.30. The company has a quick ratio of 1.16, a current ratio of 1.64 and a debt-to-equity ratio of 0.99.

Institutional Trading of Forgent Power Solutions

A number of large investors have recently made changes to their positions in the stock. Spyglass Capital Management LLC acquired a new stake in Forgent Power Solutions in the 2nd quarter worth about $39,401,000. Moore Capital Management LP purchased a new position in shares of Forgent Power Solutions during the 2nd quarter worth about $10,401,000. Tribune Investment Group LP acquired a new stake in shares of Forgent Power Solutions in the second quarter worth approximately $3,614,000. Value Aligned Research Advisors LLC purchased a new stake in Forgent Power Solutions in the second quarter valued at approximately $176,441,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in Forgent Power Solutions during the second quarter worth approximately $5,369,000.

Forgent Power Solutions Company Profile

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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