JPMorgan Chase & Co. Has Lowered Expectations for Forgent Power Solutions (NYSE:FPS) Stock Price

Forgent Power Solutions (NYSE:FPS) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $49.00 to $35.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 44.89% from the stock’s previous close.

FPS has been the topic of several other reports. Roth Capital started coverage on shares of Forgent Power Solutions in a report on Friday, November 6th. They issued a “buy” rating on the stock. TD Cowen upped their price objective on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, September 16th. Robert W. Baird assumed coverage on Forgent Power Solutions in a research note on Wednesday, July 15th. They set an “outperform” rating and a $55.00 price objective on the stock. Jefferies Financial Group reduced their target price 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. Finally, KeyCorp reissued an “overweight” rating on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.21.

Forgent Power Solutions Trading Up 12.5%

Shares of NYSE:FPS traded up $2.68 during mid-day trading on Wednesday, reaching $24.16. The stock had a trading volume of 2,858,603 shares, compared to its average volume of 7,194,973. The firm has a 50 day simple moving average of $32.07 and a two-hundred day simple moving average of $38.17. Forgent Power Solutions has a twelve month low of $17.67 and a twelve month high of $66.00. The firm has a market cap of $7.35 billion and a PE ratio of 61.78. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Forgent Power Solutions (NYSE:FPS) last issued its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $461.67 million during the quarter. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The business’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. On average, research analysts predict that Forgent Power Solutions will post 1.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Forgent Power Solutions during the second quarter worth $30,000. Triumph Capital Management bought a new stake in Forgent Power Solutions in the 2nd quarter valued at $39,000. City State Bank bought a new stake in Forgent Power Solutions in the 3rd quarter valued at $32,000. IFP Advisors Inc acquired a new position in Forgent Power Solutions in the 2nd quarter worth $48,000. Finally, GAMMA Investing LLC boosted its stake 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 purchasing an additional 845 shares during the period.

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.