Forgent Power Solutions (NYSE:FPS) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Forgent Power Solutions (NYSE:FPS) had its target price reduced by JPMorgan Chase & Co. from $56.00 to $49.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on FPS. Robert W. Baird started coverage on Forgent Power Solutions in a research report on Wednesday, July 15th. They set an “outperform” rating and a $55.00 target price for the company. Weiss Ratings downgraded shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. KeyCorp reissued an “overweight” rating on shares of Forgent Power Solutions in a report on Wednesday, September 16th. Wolfe Research restated an “outperform” rating and set a $60.00 price target on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Finally, TD Cowen raised their price objective on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.07.

Forgent Power Solutions Stock Performance

FPS stock opened at $39.92 on Friday. The firm has a market cap of $12.15 billion and a PE ratio of 102.36. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $35.55 and a 200-day moving average of $40.75. Forgent Power Solutions has a 12-month low of $25.95 and a 12-month high of $66.00.

Forgent Power Solutions (NYSE:FPS) last issued its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The business had revenue of $461.67 million for the quarter. The company’s quarterly revenue was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. As a group, sell-side analysts expect that Forgent Power Solutions will post 1.27 earnings per share for the current year.

Institutional Trading of Forgent Power Solutions

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Forgent Power Solutions during the 2nd quarter valued at $30,000. Triumph Capital Management bought a new position in shares of Forgent Power Solutions during the 2nd quarter worth $39,000. IFP Advisors Inc bought a new position in shares of Forgent Power Solutions during the 2nd quarter worth $48,000. GAMMA Investing LLC increased its holdings in Forgent Power Solutions by 918.5% in the 3rd quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after acquiring an additional 845 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Forgent Power Solutions in the 2nd quarter worth about $56,000.

About Forgent Power Solutions

Forgent Power Solutions, Inc is an electrical infrastructure company that provides equipment and related solutions used in power generation, transmission, distribution and industrial applications. Its offerings support the delivery, control and management of electricity across utility and commercial power systems.

The company’s products and services include transformers, switchgear, substations and other electrical distribution equipment. These solutions are used by electric utilities, industrial customers, commercial facilities and other organizations that require reliable power infrastructure.

Forgent Power Solutions serves customers involved in the North American power and electrical infrastructure markets.