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

Forgent Power Solutions (NYSE:FPS) had its price target cut by Oppenheimer from $60.00 to $40.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on the company. Jefferies Financial Group reduced their price objective on Forgent Power Solutions from $47.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. KeyCorp decreased their target price on Forgent Power Solutions from $60.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday. Morgan Stanley set a $45.00 target price on Forgent Power Solutions in a report on Friday, October 16th. Weiss Ratings downgraded Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Finally, Zacks Research raised 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 assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.00.

Forgent Power Solutions Trading Down 0.4%

FPS stock traded down $0.08 during midday trading on Friday, reaching $22.07. The company’s stock had a trading volume of 10,025,604 shares, compared to its average volume of 12,191,900. 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 $31.67 and a two-hundred day simple moving average of $37.93. Forgent Power Solutions has a 1 year low of $17.67 and a 1 year high of $66.00. The firm has a market capitalization of $6.72 billion and a price-to-earnings ratio of 56.59.

Forgent Power Solutions (NYSE:FPS) last released its earnings results on Thursday, November 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $478.57 million during the quarter. Forgent Power Solutions had a return on equity of 31.78% and a net margin of 7.43%. The company’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, equities research analysts predict that Forgent Power Solutions will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Forgent Power Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of FPS. First Trust Advisors LP lifted 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 buying an additional 10,944,264 shares during the period. Marshall Wace LLP boosted its position in 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 valued at $176,434,000 after acquiring an additional 4,568,499 shares in the last quarter. Value Aligned Research Advisors LLC bought a new stake in Forgent Power Solutions during the 2nd quarter valued at $176,441,000. State Street Corp purchased a new position in shares of Forgent Power Solutions in the 2nd quarter valued at $118,073,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Forgent Power Solutions by 177.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,900,452 shares of the company’s stock valued at $71,153,000 after acquiring an additional 1,216,571 shares during the period.

Top Forgent Power Solutions Stories

These are some of the FPS stories that stood out recently:

• 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
• Neutral Sentiment: Analysts lowered price targets but kept positive ratings: Oppenheimer cut its target to $40 and Baird to $38, both with “outperform” ratings; TD Cowen cut to $55 with “buy,” KeyCorp to $46 with “overweight,” and Bernstein to $33 with “outperform.” The cuts signal reduced expectations, though all targets remain above the recent $22.07 share price. Oppenheimer analyst ratings

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.