Forgent Power Solutions’ (FPS) “Outperform” Rating Reiterated at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Forgent Power Solutions (NYSE:FPS) in a report published on Wednesday morning,Benzinga reports. They currently have a $60.00 target price on the stock.

A number of other equities analysts also recently weighed in on FPS. Wolfe Research reissued an “outperform” rating and set a $60.00 price target on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Zacks Research downgraded Forgent Power Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Robert W. Baird began coverage on shares of Forgent Power Solutions in a research report on Wednesday, July 15th. They set an “outperform” rating and a $55.00 price objective for the company. Jefferies Financial Group increased their price objective on shares of Forgent Power Solutions from $44.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Forgent Power Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Forgent Power Solutions Trading Up 3.6%

Forgent Power Solutions stock opened at $39.44 on Wednesday. The company has a market cap of $12.01 billion and a price-to-earnings ratio of 262.90. The firm has a 50-day moving average of $35.14 and a 200-day moving average of $40.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 1.16. Forgent Power Solutions has a one year low of $25.95 and a one year high of $66.00.

Forgent Power Solutions (NYSE:FPS) last released 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. 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 for the quarter. The firm’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. On average, equities analysts expect that Forgent Power Solutions will post 1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Spyglass Capital Management LLC acquired a new position in shares of Forgent Power Solutions in the 2nd quarter valued at approximately $39,401,000. Tidal Investments LLC acquired a new stake in shares of Forgent Power Solutions during the 2nd quarter worth approximately $7,858,000. Scholtz & Company LLC acquired a new stake in shares of Forgent Power Solutions during the 2nd quarter worth approximately $1,892,000. Moore Capital Management LP bought a new position in Forgent Power Solutions in the second quarter valued at approximately $10,401,000. Finally, Amundi acquired a new position in Forgent Power Solutions during the second quarter valued at approximately $8,695,000.

Forgent Power Solutions Company Profile

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.