Forgent Power Solutions, Inc. (NYSE:FPS) Stock Has Average Price Target of $54.21

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, twelve have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $54.21.

FPS has been the subject of a number of recent research reports. Clear Str upgraded Forgent Power Solutions to a “strong-buy” rating in a report on Monday, October 26th. 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. Roth Capital initiated coverage on Forgent Power Solutions in a research report on Friday. They issued a “buy” rating for the company. TD Cowen upped their target price on Forgent Power Solutions from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Finally, KeyCorp reiterated an “overweight” rating on shares of Forgent Power Solutions in a research note on Wednesday, September 16th.

Institutional Investors Weigh In On Forgent Power Solutions

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

Forgent Power Solutions Stock Up 6.5%

Shares of Forgent Power Solutions stock opened at $19.39 on Friday. The company’s 50 day moving average price is $32.41 and its 200-day moving average price is $38.35. Forgent Power Solutions has a 52-week low of $17.67 and a 52-week high of $66.00. The stock has a market capitalization of $5.90 billion and a price-to-earnings ratio of 49.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54.

Forgent Power Solutions (NYSE:FPS) last announced its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $461.67 million during the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The company’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 research analysts forecast that Forgent Power Solutions will post 1.28 EPS for the current year.

About Forgent Power Solutions

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.