Forgent Power Solutions (NYSE:FPS) Reaches New 12-Month Low - Should You Sell?

Key Points

• Forgent Power Solutions shares fell to a new 52-week low of $25.80, down sharply from the prior close of $31.76, while trading volume reached about 2.7 million shares.
• Analyst sentiment remains broadly positive despite the selloff: the stock has a “Moderate Buy” consensus rating and a $55.64 average price target, although ratings range from Strong Buy to Sell.
• The company recently exceeded quarterly EPS estimates, reporting $0.25 versus $0.24 expected, while revenue surged 94.3% year over year to $461.67 million; analysts expect approximately $1.28 in EPS for the current year.

Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $25.80 and last traded at $25.7880, with a volume of 2,695,099 shares changing hands. The stock had previously closed at $31.76.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Forgent Power Solutions from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. JPMorgan Chase & Co. decreased their price target on shares of Forgent Power Solutions from $56.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, October 9th. TD Cowen boosted 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, September 16th. KeyCorp reiterated an "overweight" rating on shares of Forgent Power Solutions in a report on Wednesday, September 16th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.64.

Forgent Power Solutions Price Performance

The company has a market capitalization of $7.41 billion and a PE ratio of 62.90. 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 stock has a fifty day simple moving average of $34.74 and a 200-day simple moving average of $40.89.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last released its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 earnings per share (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 firm's quarterly revenue 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. Equities analysts anticipate that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On Forgent Power Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new position in shares of Forgent Power Solutions in the 2nd quarter valued at $7,858,000. Spyglass Capital Management LLC purchased a new position in shares of Forgent Power Solutions in the 2nd quarter valued at $39,401,000. Scholtz & Company LLC purchased a new position in shares of Forgent Power Solutions in the 2nd quarter valued at $1,892,000. Moore Capital Management LP acquired a new stake in Forgent Power Solutions during the 2nd quarter worth $10,401,000. Finally, Amundi acquired a new stake in Forgent Power Solutions during the 2nd quarter worth $8,695,000.

Forgent Power Solutions Company Profile

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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