Forgent Power Solutions (NYSE:FPS – Free Report) had its price objective lowered by Robert W. Baird from $55.00 to $38.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.
FPS has been the subject of several other research reports. Roth Capital initiated coverage on shares of Forgent Power Solutions in a research note on Friday, November 6th. They set a “buy” rating for the company. Wells Fargo & Company began coverage on Forgent Power Solutions in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 price target on the stock. Clear Str raised Forgent Power Solutions to a “strong-buy” rating in a research note on Monday, October 26th. Morgan Stanley set a $45.00 price objective on Forgent Power Solutions in a research report on Friday, October 16th. Finally, KeyCorp reiterated an “overweight” rating on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.00.
Check Out Our Latest Analysis on Forgent Power Solutions
Forgent Power Solutions Stock Performance
Shares of Forgent Power Solutions stock opened at $22.07 on Friday. The firm’s fifty day simple moving average is $31.67 and its 200-day simple moving average is $37.93. The stock has a market capitalization of $6.72 billion and a price-to-earnings ratio of 56.59. Forgent Power Solutions has a 12 month low of $17.67 and a 12 month high of $66.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 1.07.
Forgent Power Solutions (NYSE:FPS – Get Free Report) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. Forgent Power Solutions had a net margin of 7.43% and a return on equity of 31.78%. The company had revenue of $478.57 million for the quarter. Forgent Power Solutions’s quarterly revenue was up 68.9% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.300-1.440 EPS. As a group, equities analysts forecast that Forgent Power Solutions will post 1.29 earnings per share for the current year.
Institutional Trading of Forgent Power Solutions
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP raised its stake in shares of Forgent Power Solutions by 3,173.8% during the 3rd quarter. Marshall Wace LLP now owns 4,712,443 shares of the company’s stock worth $176,434,000 after buying an additional 4,568,499 shares in the last quarter. Roberts Glore & Co. Inc. IL purchased a new stake in shares of Forgent Power Solutions in the third quarter valued at approximately $283,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Forgent Power Solutions by 15.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 90,020 shares of the company’s stock valued at $3,370,000 after buying an additional 11,902 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of Forgent Power Solutions in the third quarter valued at approximately $2,841,000. Finally, First Trust Advisors LP grew its holdings in 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 acquiring an additional 10,944,264 shares during the period.
More Forgent Power Solutions News
Investors following FPS have been watching these news items:
- Positive Sentiment: Fiscal Q1 2027 revenue rose 69% year over year to about $479 million, a record, while EPS of $0.24 exceeded the $0.18 consensus. The company also said results were above the high end of its guidance. Forgent Q1 results and outlook
- Positive Sentiment: Management raised its fiscal 2027 outlook and sees AI-lab and hyperscaler orders building through 2028, supporting the longer-term demand case for its data-center power equipment. Revenue guidance is $2.5 billion–$2.7 billion and EPS guidance is $1.30–$1.44. CEO on AI and hyperscaler demand
- Negative Sentiment: FPS shares sold off despite the strong quarter. Reports point to concerns about the full-year outlook and whether the stock’s valuation is justified, suggesting investors may want stronger evidence that growth will translate into sustained earnings. Why Forgent shares fell
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.
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