Forgent Power Solutions (NYSE:FPS) Stock Bumped Up to "Hold" by Wells Fargo & Company

Key Points

• Wells Fargo upgraded Forgent Power Solutions to “Hold”, while the broader analyst consensus remains “Moderate Buy” with an average price target of $56.00.
• Forgent reported quarterly EPS of $0.25, exceeding estimates of $0.24, while revenue rose 94.3% year over year to $461.67 million. The company issued fiscal 2027 EPS guidance of $1.26–$1.40.
• FPS shares opened at $38.96, with a market capitalization of $11.86 billion and a 12-month trading range of $25.95 to $66.00; several institutional investors also established new positions during the second quarter.

Forgent Power Solutions (NYSE:FPS - Get Free Report) was upgraded by analysts at Wells Fargo & Company to a "hold" rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other brokerages also recently commented on FPS. Wolfe Research restated an "outperform" rating and set a $60.00 price objective on shares of Forgent Power Solutions in a research report on Thursday, July 9th. TD Cowen lifted their target price on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, September 16th. Robert W. Baird started coverage on shares of Forgent Power Solutions in a research note on Wednesday, July 15th. They set an "outperform" rating and a $55.00 price target on the stock. Weiss Ratings raised Forgent Power Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, September 17th. Finally, Jefferies Financial Group raised their target price on Forgent Power Solutions from $44.00 to $56.00 and gave the company a "buy" rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Forgent Power Solutions has an average rating of "Moderate Buy" and an average price target of $56.00.

Forgent Power Solutions Trading Up 0.0%

Shares of FPS stock opened at $38.96 on Thursday. The company has a market capitalization of $11.86 billion and a P/E ratio of 99.89. 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 business's 50 day moving average is $34.89 and its two-hundred day moving average is $40.38. Forgent Power Solutions has a twelve month low of $25.95 and a twelve 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 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%.The business had revenue of $461.67 million during the quarter. The business'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. Equities analysts forecast that Forgent Power Solutions will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FPS. Envestnet Asset Management Inc. acquired a new stake in Forgent Power Solutions in the 2nd quarter valued at about $7,408,000. State Street Corp acquired a new stake in shares of Forgent Power Solutions in the second quarter valued at approximately $118,073,000. The Manufacturers Life Insurance Company acquired a new position in shares of Forgent Power Solutions during the 2nd quarter worth approximately $846,000. Tidal Investments LLC purchased a new stake in Forgent Power Solutions in the 2nd quarter valued at approximately $7,858,000. Finally, MCF Advisors LLC acquired a new stake in Forgent Power Solutions during the 2nd quarter valued at $1,000,000.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc develops and manufactures products used in electric power transmission and distribution infrastructure. Its offerings support the generation, transmission, distribution and management of electrical power for utility and industrial applications.

The company's product portfolio includes equipment and components used in overhead and underground power networks, including electrical connectors, fittings, line hardware and other engineered solutions designed to support the reliability and efficiency of power-delivery systems.

Forgent Power Solutions serves electric utilities, distributors and industrial customers, primarily through markets connected to North American power infrastructure.

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