Forgent Power Solutions, Inc. (NYSE:FPS) Stock Has Consensus Price Target of $54.21 According to Analysts

Forgent Power Solutions, Inc. (NYSE:FPS) has received a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $53.21.

Several research firms have issued reports on FPS. TD Cowen boosted their price objective on Forgent Power Solutions from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, September 16th. Robert W. Baird started coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They issued an “outperform” rating and a $55.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Forgent Power Solutions from $49.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Company assumed coverage on shares of Forgent Power Solutions in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 target price on the stock. Finally, KeyCorp restated an “overweight” rating on shares of Forgent Power Solutions in a report on Wednesday, September 16th.

Institutional Trading of Forgent Power Solutions

A number of hedge funds have recently modified their holdings of FPS. Advisors Asset Management Inc. purchased a new position in shares of Forgent Power Solutions during the third quarter valued at $2,462,000. Private Advisor Group LLC raised its position in Forgent Power Solutions by 692.9% during the third quarter. Private Advisor Group LLC now owns 34,689 shares of the company’s stock valued at $1,299,000 after buying an additional 30,314 shares during the period. Boston Partners purchased a new stake in Forgent Power Solutions in the 3rd quarter worth about $5,185,000. Global Retirement Partners LLC lifted its stake in Forgent Power Solutions by 135.0% in the 3rd quarter. Global Retirement Partners LLC now owns 2,449 shares of the company’s stock worth $92,000 after acquiring an additional 1,407 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Forgent Power Solutions by 173.0% in the 3rd quarter. HighTower Advisors LLC now owns 13,704 shares of the company’s stock worth $513,000 after acquiring an additional 8,684 shares in the last quarter.

Forgent Power Solutions Price Performance

Shares of Forgent Power Solutions stock opened at $24.61 on Friday. The stock’s fifty day moving average is $31.98 and its 200-day moving average is $38.10. 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 has a 12-month low of $17.67 and a 12-month high of $66.00.

Forgent Power Solutions (NYSE:FPS) last released its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business 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 revenue for the quarter 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 predict that Forgent Power Solutions will post 1.29 EPS for the current fiscal year.

About Forgent Power Solutions

Forgent Power Solutions designs and manufactures electrical power distribution equipment for applications that require reliable, continuous power. Its products support the delivery and management of electricity within facilities, including data centers and other commercial and industrial environments. The company focuses on equipment used in critical power systems, where dependable distribution is essential to operations. Forgent serves customers primarily in North America, with products and services supporting facilities in other markets as well.