Forgent Power Solutions (NYSE:FPS) Now Covered by Roth Capital

Roth Capital assumed coverage on shares of Forgent Power Solutions (NYSE:FPS) in a research report issued on Friday, Briefing.com reports. The firm set a “buy” rating on the stock.

A number of other research analysts have also weighed in on the stock. TD Cowen raised their price target on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. JPMorgan Chase & Co. reduced their target price on Forgent Power Solutions from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Oppenheimer reiterated an “outperform” rating and set a $60.00 price target on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Clear Str raised Forgent Power Solutions to a “strong-buy” rating in a research note on Monday, October 26th. Finally, Jefferies Financial Group decreased 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, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Forgent Power Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

Forgent Power Solutions Stock Performance

FPS opened at $18.09 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The company has a market cap of $5.51 billion and a price-to-earnings ratio of 46.38. Forgent Power Solutions has a 52-week low of $17.98 and a 52-week high of $66.00. The firm’s fifty day simple moving average is $32.65 and its two-hundred day simple moving average is $38.46.

Forgent Power Solutions (NYSE:FPS) last announced its 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 business had revenue of $461.67 million for the quarter. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The company’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. Equities analysts anticipate that Forgent Power Solutions will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Forgent Power Solutions

A number of hedge funds have recently bought and sold shares of the business. Value Aligned Research Advisors LLC purchased a new position in Forgent Power Solutions in the 2nd quarter worth approximately $176,441,000. State Street Corp acquired a new position in shares of Forgent Power Solutions during the 2nd quarter valued at about $118,073,000. Assenagon Asset Management S.A. grew its holdings in shares of Forgent Power Solutions by 177.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,900,452 shares of the company’s stock valued at $71,153,000 after purchasing an additional 1,216,571 shares during the period. Spyglass Capital Management LLC purchased a new stake in shares of Forgent Power Solutions in the second quarter valued at about $39,401,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Forgent Power Solutions during the second quarter worth about $23,123,000.

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.