Forgent Power Solutions (NYSE:FPS) Stock Gets Price Target Cut from Sanford C. Bernstein

Forgent Power Solutions (NYSE:FPS) had its price objective cut by stock analysts at Sanford C. Bernstein from $48.00 to $33.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Sanford C. Bernstein‘s target price points to a potential upside of 48.66% from the company’s current price.

Several other analysts also recently issued reports on the company. Jefferies Financial Group decreased their target price on Forgent Power Solutions from $47.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Clear Str upgraded Forgent Power Solutions to a “strong-buy” rating in a research note on Monday, October 26th. Wells Fargo & Company began coverage on Forgent Power Solutions in a research note on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 price target for the company. Morgan Stanley set a $45.00 price objective on shares of Forgent Power Solutions in a report on Friday, October 16th. Finally, Zacks Research upgraded shares of Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.93.

Forgent Power Solutions Trading Down 9.6%

Shares of FPS stock opened at $22.20 on Friday. 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 stock has a fifty day simple moving average of $31.84 and a two-hundred day simple moving average of $38.02. The firm has a market capitalization of $6.76 billion and a PE ratio of 56.92. Forgent Power Solutions has a 52-week low of $17.67 and a 52-week high of $66.00.

Forgent Power Solutions (NYSE:FPS) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $478.57 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 68.9% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.300-1.440 EPS. On average, analysts predict that Forgent Power Solutions will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its holdings in shares of Forgent Power Solutions by 12,661.7% in the third quarter. First Trust Advisors LP now owns 11,030,700 shares of the company’s stock worth $412,989,000 after purchasing an additional 10,944,264 shares during the last quarter. State Street Corp grew its holdings in Forgent Power Solutions by 55.7% during the 3rd quarter. State Street Corp now owns 3,291,083 shares of the company’s stock valued at $123,195,000 after buying an additional 1,177,179 shares in the last quarter. Value Aligned Research Advisors LLC purchased a new position in Forgent Power Solutions during the 2nd quarter valued at approximately $176,441,000. William Blair Investment Management LLC grew its holdings in Forgent Power Solutions by 16.3% during the 3rd quarter. William Blair Investment Management LLC now owns 2,925,175 shares of the company’s stock valued at $109,519,000 after buying an additional 408,905 shares in the last quarter. Finally, Phoenix Financial Ltd. increased its stake in Forgent Power Solutions by 50.0% in the 3rd quarter. Phoenix Financial Ltd. now owns 2,493,924 shares of the company’s stock worth $93,374,000 after acquiring an additional 831,707 shares during the last quarter.

Forgent Power Solutions News Summary

Here’s some of the latest news about FPS:

• Positive Sentiment: Forgent reported record quarterly revenue of about $478.6 million, up 68.9% year over year, and adjusted earnings of $0.24 per share—$0.06 above analyst consensus. The company said results exceeded the high end of its guidance. Business Wire earnings release
• Neutral Sentiment: The guidance range is higher than the prior outlook, but its midpoint is only modestly above the cited $1.34 EPS consensus. That may have left investors wanting a more substantial forecast upgrade. Coverage of guidance and shares
• Negative Sentiment: Valuation may be weighing on the shares: one post-earnings analysis questioned whether FPS remains too expensive, leaving limited room for a strong report to satisfy investors. Post-earnings valuation analysis

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.