Forgent Power Solutions, Inc. (NYSE:FPS) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Forgent Power Solutions has a “Moderate Buy” consensus rating from 14 brokerages: 10 buys, one strong buy, two holds and one sell. The average 12-month price target is $57.00.
• Recent analyst actions were largely positive, including TD Cowen raising its target to $76 and Jefferies increasing its target to $56, although Weiss Ratings downgraded the stock to sell.
• Forgent reported quarterly EPS of $0.25, exceeding the $0.24 consensus estimate, while revenue rose 94.3% year over year to $461.67 million. Shares opened at $38.00, with a market capitalization of approximately $11.57 billion.

Shares of Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $57.00.

A number of research firms have weighed in on FPS. KeyCorp reissued an "overweight" rating on shares of Forgent Power Solutions in a report on Wednesday. TD Cowen lifted their price target on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday. Weiss Ratings cut shares of Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, July 28th. Jefferies Financial Group raised their target price on Forgent Power Solutions from $44.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of Forgent Power Solutions in a report on Thursday, July 9th.

Institutional Trading of Forgent Power Solutions

A number of large investors have recently bought and sold shares of FPS. Northwestern Mutual Wealth Management Co. acquired a new stake in Forgent Power Solutions in the second quarter worth $30,000. Triumph Capital Management bought a new position in shares of Forgent Power Solutions during the 2nd quarter worth about $39,000. IFP Advisors Inc acquired a new stake in shares of Forgent Power Solutions in the 2nd quarter valued at about $48,000. Hollencrest Capital Management bought a new stake in Forgent Power Solutions in the 2nd quarter valued at about $56,000. Finally, Allworth Financial LP purchased a new stake in shares of Forgent Power Solutions in the second quarter valued at about $86,000.

Forgent Power Solutions Price Performance

Shares of FPS opened at $38.00 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The stock has a market cap of $11.57 billion and a PE ratio of 253.35. Forgent Power Solutions has a 12-month low of $25.95 and a 12-month high of $66.00. The business has a 50-day simple moving average of $35.26 and a two-hundred day simple moving average of $40.22.

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, 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 company had revenue of $461.67 million for the quarter. The business's quarterly 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. Analysts anticipate that Forgent Power Solutions will post 1.01 earnings per share for the current fiscal year.

About Forgent Power Solutions

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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