Forgent Power Solutions (NYSE:FPS) Stock Price Up 6.2% – Should You Buy?

Forgent Power Solutions, Inc. (NYSE:FPS) was up 6.2% on Tuesday. The company traded as high as $26.63 and last traded at $26.6770. Approximately 1,517,357 shares were traded during trading, a decline of 78% from the average daily volume of 6,968,605 shares. The stock had previously closed at $25.12.

Analysts Set New Price Targets

Several brokerages recently commented on FPS. Wolfe Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Forgent Power Solutions in a research note on Thursday, July 9th. Sanford C. Bernstein began coverage on Forgent Power Solutions in a research note on Friday, October 2nd. They issued an “outperform” rating and a $48.00 target price for the company. KeyCorp restated an “overweight” rating on shares of Forgent Power Solutions in a report on Wednesday, September 16th. Jefferies Financial Group cut their price objective on Forgent Power Solutions from $47.00 to $36.00 and set a “buy” rating on the stock in a report on Friday. Finally, TD Cowen boosted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Forgent Power Solutions presently has an average rating of “Moderate Buy” and an average target price of $54.21.

Forgent Power Solutions Stock Performance

The stock’s 50 day moving average is $34.34 and its two-hundred day moving average is $39.14. The stock has a market capitalization of $8.18 billion and a price-to-earnings ratio of 68.70. 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 issued its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $461.67 million for the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The business’s revenue for the quarter 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. Analysts expect that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Forgent Power Solutions

A number of large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Forgent Power Solutions in the second quarter valued at approximately $30,000. Triumph Capital Management acquired a new position in Forgent Power Solutions during the second quarter worth $39,000. GAMMA Investing LLC boosted its holdings in Forgent Power Solutions by 918.5% during the third quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after purchasing an additional 845 shares during the last quarter. City State Bank bought a new position in Forgent Power Solutions in the third quarter valued at $32,000. Finally, IFP Advisors Inc bought a new position in Forgent Power Solutions in the second quarter valued at $48,000.

Forgent Power Solutions Company Profile

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.