Forgent Power Solutions (NYSE:FPS) Price Target Cut to $40.00 by Analysts at Oppenheimer

Forgent Power Solutions (NYSE:FPS) had its price objective dropped by equities research analysts at Oppenheimer from $60.00 to $40.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer‘s price objective points to a potential upside of 87.93% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Forgent Power Solutions in a research note on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 target price for the company. KeyCorp lowered their price target on Forgent Power Solutions from $60.00 to $46.00 and set an “overweight” rating for the company in a report on Friday. Clear Str raised shares of Forgent Power Solutions to a “strong-buy” rating in a research report on Monday, October 26th. Morgan Stanley set a $45.00 price objective on shares of Forgent Power Solutions in a report on Friday, October 16th. Finally, Jefferies Financial Group cut their price objective on shares of Forgent Power Solutions from $47.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Forgent Power Solutions Stock Down 3.9%

Shares of Forgent Power Solutions stock traded down $0.86 during midday trading on Friday, reaching $21.29. 3,184,234 shares of the company’s stock traded hands, compared to its average volume of 7,262,072. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54. Forgent Power Solutions has a 52 week low of $17.67 and a 52 week high of $66.00. The company’s 50 day simple moving average is $31.84 and its 200 day simple moving average is $38.02. The company has a market cap of $6.48 billion and a price-to-earnings ratio of 54.56.

Forgent Power Solutions (NYSE:FPS) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The company had revenue of $478.57 million for the quarter. The company’s revenue 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. Equities analysts expect that Forgent Power Solutions will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of Forgent Power Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC bought a new position in Forgent Power Solutions in the third quarter valued at about $2,841,000. First Trust Advisors LP increased its position in shares of Forgent Power Solutions by 12,661.7% during the third quarter. First Trust Advisors LP now owns 11,030,700 shares of the company’s stock worth $412,989,000 after buying an additional 10,944,264 shares during the period. Allianz SE acquired a new position in shares of Forgent Power Solutions in the 3rd quarter valued at about $45,000. State Street Corp lifted its stake in Forgent Power Solutions by 55.7% in the third 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 during the period. Finally, Advisors Asset Management Inc. bought a new position in Forgent Power Solutions during the third quarter worth $2,462,000.

Forgent Power Solutions News Summary

Here’s some of the latest news about FPS:

• Positive Sentiment: Management raised its fiscal 2027 outlook and said AI-lab and hyperscaler orders are building through 2028, supporting expectations for continued data-center-related demand. CEO comments on orders and guidance
• Negative Sentiment: Shares have weakened despite the earnings beat, with coverage pointing to full-year guidance that disappointed relative to expectations. The company forecast fiscal 2027 EPS of $1.30–$1.44 and revenue of $2.5–$2.7 billion, leaving investors focused on whether growth will be strong enough to justify expectations. Coverage of shares and guidance
• Negative Sentiment: KeyCorp, Robert W. Baird, and Sanford C. Bernstein each cut their FPS price targets. However, all retained bullish ratings—Overweight or Outperform—so the target reductions signal more cautious valuation assumptions rather than a change to outright bearish calls. Read More., Read More., Read More..

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.