Forgent Power Solutions, Inc. (NYSE:FPS) Stock Has Average Target Price of $56.07 According to Analysts

Shares of Forgent Power Solutions, Inc. (NYSE:FPS) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $55.64.

Several research firms have recently weighed in on FPS. Robert W. Baird initiated coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They set an “outperform” rating and a $55.00 target price for the company. TD Cowen lifted their price target on Forgent Power Solutions from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, September 16th. Sanford C. Bernstein assumed coverage on shares of Forgent Power Solutions in a research note on Friday, October 2nd. They set an “outperform” rating and a $48.00 price objective for the company. Oppenheimer reiterated an “outperform” rating and set a $60.00 price objective on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Finally, Morgan Stanley set a $45.00 price objective on Forgent Power Solutions in a report on Friday.

Institutional Investors Weigh In On Forgent Power Solutions

A number of large investors have recently modified their holdings of FPS. Northwestern Mutual Wealth Management Co. acquired a new stake in Forgent Power Solutions during the 2nd quarter worth $30,000. GAMMA Investing LLC increased its stake in Forgent Power Solutions by 918.5% in the third 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. Triumph Capital Management acquired a new position in Forgent Power Solutions in the second quarter valued at $39,000. IFP Advisors Inc purchased a new stake in Forgent Power Solutions during the 2nd quarter valued at approximately $48,000. Finally, Gilpin Wealth Management LLC lifted its stake in shares of Forgent Power Solutions by 333.3% in the 3rd quarter. Gilpin Wealth Management LLC now owns 1,300 shares of the company’s stock worth $49,000 after acquiring an additional 1,000 shares during the period.

Forgent Power Solutions Price Performance

Shares of FPS opened at $31.66 on Tuesday. The company’s fifty day moving average price is $35.14 and its 200-day moving average price is $40.75. Forgent Power Solutions has a 1-year low of $25.95 and a 1-year high of $66.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 1.07. The firm has a market capitalization of $9.64 billion and a PE ratio of 81.19.

Forgent Power Solutions (NYSE:FPS) last posted its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share for the quarter, beating 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 for the quarter. The company’s 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. On average, equities research analysts predict that Forgent Power Solutions will post 1.28 EPS for the current year.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc is an electrical infrastructure company that provides equipment and related solutions used in power generation, transmission, distribution and industrial applications. Its offerings support the delivery, control and management of electricity across utility and commercial power systems.

The company’s products and services include transformers, switchgear, substations and other electrical distribution equipment. These solutions are used by electric utilities, industrial customers, commercial facilities and other organizations that require reliable power infrastructure.

Forgent Power Solutions serves customers involved in the North American power and electrical infrastructure markets.