Forgent Power Solutions (NYSE:FPS) Stock Jumps 11.9% - Here's Why

Key Points

• Forgent Power Solutions shares jumped 11.9% to about $21.80 on Monday, though trading volume was 77% below its average; the article does not identify a specific catalyst for the move.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $54.21, with 15 analysts rating it Buy or Strong Buy.
• In its latest reported quarter, Forgent posted EPS of $0.25, slightly above estimates, while revenue rose 94.3% year over year to $461.67 million; the company issued FY 2027 EPS guidance of $1.26–$1.40.

Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report) traded up 11.9% during trading on Monday. The stock traded as high as $21.87 and last traded at $21.8030. 1,624,734 shares were traded during trading, a decline of 77% from the average session volume of 7,167,136 shares. The stock had previously closed at $19.48.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company began coverage on shares of Forgent Power Solutions in a research report on Thursday, September 24th. They set an "equal weight" rating and a $44.00 price objective on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $60.00 price target on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Sanford C. Bernstein began coverage on shares of Forgent Power Solutions in a report on Friday, October 2nd. They set an "outperform" rating and a $48.00 price target on the stock. Roth Capital started coverage on shares of Forgent Power Solutions in a report on Friday. They set a "buy" rating on the stock. Finally, Robert W. Baird began coverage on shares of Forgent Power Solutions in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $55.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.21.

Forgent Power Solutions Stock Performance

The firm has a market cap of $6.66 billion and a PE ratio of 56.22. The business has a 50 day simple moving average of $32.41 and a two-hundred day simple moving average of $38.35. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last issued its earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The firm 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%. Forgent Power Solutions'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. As a group, equities research analysts forecast that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Forgent Power Solutions

Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Forgent Power Solutions during the second quarter worth about $30,000. Triumph Capital Management purchased a new position in Forgent Power Solutions during the second quarter valued at approximately $39,000. City State Bank acquired a new stake in shares of Forgent Power Solutions during the 3rd quarter worth approximately $32,000. IFP Advisors Inc purchased a new position in shares of Forgent Power Solutions during the 2nd quarter valued at approximately $48,000. Finally, GAMMA Investing LLC lifted its stake in shares of Forgent Power Solutions by 918.5% in the 3rd quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after purchasing an additional 845 shares during the period.

About Forgent Power Solutions

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