Forgent Power Solutions (NYSE:FPS) Given New $40.00 Price Target at Oppenheimer

Forgent Power Solutions (NYSE:FPS) had its price target cut by investment analysts at Oppenheimer from $60.00 to $40.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer‘s price objective would suggest a potential upside of 87.93% from the stock’s current price.

FPS has been the topic of a number of other reports. Wells Fargo & Company initiated coverage on shares of Forgent Power Solutions in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 price objective on the stock. 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. Clear Str upgraded Forgent Power Solutions to a “strong-buy” rating in a research report on Monday, October 26th. Robert W. Baird reduced their price objective on Forgent Power Solutions from $55.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Roth Capital began coverage on Forgent Power Solutions in a research note on Friday, November 6th. They issued a “buy” rating on the stock. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Forgent Power Solutions Price Performance

Shares of NYSE FPS traded down $0.86 during midday trading on Friday, hitting $21.29. The stock had a trading volume of 3,184,234 shares, compared to its average volume of 7,262,072. The company has a market capitalization of $6.48 billion and a PE ratio of 54.56. The stock has a 50 day simple moving average of $31.84 and a 200-day simple moving average of $38.02. Forgent Power Solutions has a 1 year low of $17.67 and a 1 year high of $66.00. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86.

Forgent Power Solutions (NYSE:FPS) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $478.57 million during the quarter. The business’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. On average, sell-side analysts expect that Forgent Power Solutions will post 1.29 EPS for the current fiscal year.

Institutional Trading of Forgent Power Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP raised its holdings 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 valued at $412,989,000 after acquiring an additional 10,944,264 shares during the period. Value Aligned Research Advisors LLC purchased a new position in shares of Forgent Power Solutions during the second quarter valued at $176,441,000. State Street Corp purchased a new position in shares of Forgent Power Solutions during the second quarter valued at $118,073,000. Assenagon Asset Management S.A. raised its position in Forgent Power Solutions by 177.9% during 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 buying an additional 1,216,571 shares during the period. Finally, Phoenix Financial Ltd. lifted 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 in the last quarter.

Latest Forgent Power Solutions News

Here’s some of the latest news about FPS:

• Positive Sentiment: Fiscal Q1 2027 revenue rose 68.9% year over year to $478.6 million, and adjusted earnings of $0.24 per share topped the $0.18 consensus estimate. Forgent said results exceeded the high end of its guidance. Forgent Q1 results and outlook
• 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

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.