Forgent Power Solutions (NYSE:FPS) Stock Price Target Cut by TD Cowen

Forgent Power Solutions (NYSE:FPS) had its price target reduced by analysts at TD Cowen from $76.00 to $55.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen‘s price objective would indicate a potential upside of 149.21% from the stock’s previous close.

Several other research firms also recently issued reports on FPS. KeyCorp cut their price objective on shares of Forgent Power Solutions from $60.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday. Wells Fargo & Company initiated 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. Jefferies Financial Group dropped their target price 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. Weiss Ratings lowered shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Forgent Power Solutions from $49.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Forgent Power Solutions Stock Down 0.4%

NYSE:FPS traded down $0.08 during mid-day trading on Friday, hitting $22.07. 10,025,604 shares of the company’s stock traded hands, compared to its average volume of 12,191,900. The company has a fifty day moving average of $31.67 and a 200 day moving average of $37.93. Forgent Power Solutions has a twelve month low of $17.67 and a twelve month high of $66.00. The company has a market capitalization of $6.72 billion and a P/E ratio of 56.59. 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 (NYSE:FPS) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The company 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 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, analysts forecast that Forgent Power Solutions will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. First Trust Advisors LP lifted 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 worth $412,989,000 after purchasing an additional 10,944,264 shares during the period. Value Aligned Research Advisors LLC purchased a new stake in Forgent Power Solutions in the second quarter valued at approximately $176,441,000. Marshall Wace LLP boosted its position in Forgent Power Solutions by 3,173.8% in the third quarter. Marshall Wace LLP now owns 4,712,443 shares of the company’s stock valued at $176,434,000 after buying an additional 4,568,499 shares during the last quarter. State Street Corp increased its holdings in Forgent Power Solutions by 55.7% in the 3rd quarter. State Street Corp now owns 3,291,083 shares of the company’s stock worth $123,195,000 after buying an additional 1,177,179 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in Forgent Power Solutions by 16.3% in the 3rd quarter. William Blair Investment Management LLC now owns 2,925,175 shares of the company’s stock worth $109,519,000 after buying an additional 408,905 shares during the period.

Latest Forgent Power Solutions News

Here’s some of the latest news about FPS:

• 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
• 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
• 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

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.