Forgent Power Solutions, Inc. (NYSE:FPS) Stock Rated “Moderate Buy” by Wall Street Brokerages

Forgent Power Solutions, Inc. (NYSE:FPS) has received an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $56.00.

A number of research firms have issued reports on FPS. Oppenheimer reiterated an “outperform” rating and set a $60.00 price target on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Robert W. Baird assumed coverage on Forgent Power Solutions in a report on Wednesday, July 15th. They issued an “outperform” rating and a $55.00 target price on the stock. TD Cowen lifted their target price on Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, September 16th. Zacks Research downgraded Forgent Power Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Wells Fargo & Company set a $44.00 price objective on Forgent Power Solutions in a research note on Thursday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Value Aligned Research Advisors LLC bought a new stake in Forgent Power Solutions in the 2nd quarter worth about $176,441,000. State Street Corp purchased a new position in shares of Forgent Power Solutions in the 2nd quarter worth approximately $118,073,000. Spyglass Capital Management LLC bought a new position in shares of Forgent Power Solutions in the second quarter valued at approximately $39,401,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Forgent Power Solutions in the second quarter valued at approximately $23,123,000. Finally, Bank of New York Mellon Corp increased its position in shares of Forgent Power Solutions by 813.0% during the second quarter. Bank of New York Mellon Corp now owns 326,317 shares of the company’s stock valued at $18,228,000 after acquiring an additional 290,577 shares during the last quarter.

Forgent Power Solutions Stock Down 2.2%

Forgent Power Solutions stock opened at $39.00 on Friday. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year high of $66.00. The firm has a market capitalization of $11.87 billion and a price-to-earnings ratio of 100.01. The firm’s fifty day moving average price is $34.91 and its two-hundred day moving average price is $40.39. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Forgent Power Solutions (NYSE:FPS) last posted its 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 net margin of 5.76% and a return on equity of 24.59%. The company had revenue of $461.67 million during the quarter. Forgent Power Solutions’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. On average, equities research analysts predict that Forgent Power Solutions will post 1.29 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.