Forgent Power Solutions (NYSE:FPS) Shares Up 11.9% – Should You Buy?

Forgent Power Solutions, Inc. (NYSE:FPS) rose 11.9% on Monday. The stock traded as high as $21.87 and last traded at $21.8030. 1,624,734 shares traded hands during trading, a decline of 77% from the average session volume of 7,167,136 shares. The stock had previously closed at $19.48.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company started coverage on Forgent Power Solutions in a research note on Thursday, September 24th. They set an “equal weight” rating and a $44.00 price target on the stock. Roth Capital began coverage on Forgent Power Solutions in a research note on Friday, November 6th. They issued a “buy” rating for the company. Zacks Research upgraded shares of Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. KeyCorp restated an “overweight” rating on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Finally, Morgan Stanley set a $45.00 price target on shares of Forgent Power Solutions in a report on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.21.

Forgent Power Solutions Trading Down 4.9%

The stock has a market cap of $6.55 billion and a P/E ratio of 55.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54. The firm’s fifty day simple moving average is $32.07 and its 200-day simple moving average is $38.17.

Forgent Power Solutions (NYSE:FPS) last posted its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The company had revenue of $461.67 million for the quarter. The firm’s quarterly 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. Equities research analysts expect that Forgent Power Solutions, Inc. will post 1.28 EPS for the current fiscal year.

Institutional Trading of Forgent Power Solutions

Large investors have recently bought and sold shares of the business. Private Advisor Group LLC lifted its stake in shares of Forgent Power Solutions by 692.9% in the 3rd quarter. Private Advisor Group LLC now owns 34,689 shares of the company’s stock valued at $1,299,000 after purchasing an additional 30,314 shares during the period. Boston Partners acquired a new stake in Forgent Power Solutions during the third quarter worth approximately $5,185,000. Global Retirement Partners LLC grew its stake in Forgent Power Solutions by 135.0% during the third quarter. Global Retirement Partners LLC now owns 2,449 shares of the company’s stock worth $92,000 after purchasing an additional 1,407 shares during the period. HighTower Advisors LLC increased its holdings in Forgent Power Solutions by 173.0% in the third quarter. HighTower Advisors LLC now owns 13,704 shares of the company’s stock worth $513,000 after purchasing an additional 8,684 shares in the last quarter. Finally, Phoenix Financial Ltd. increased its holdings in Forgent Power Solutions by 50.0% in the third quarter. Phoenix Financial Ltd. now owns 2,493,924 shares of the company’s stock worth $93,374,000 after purchasing an additional 831,707 shares in the last quarter.

Forgent Power Solutions Company Profile

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.