KeyCorp Issues Pessimistic Forecast for Forgent Power Solutions (NYSE:FPS) Stock Price

Forgent Power Solutions (NYSE:FPS) had its price objective reduced by stock analysts at KeyCorp from $60.00 to $46.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp‘s price target indicates a potential upside of 108.43% from the company’s current price.

FPS has been the topic of several other reports. JPMorgan Chase & Co. reduced their price objective on Forgent Power Solutions from $49.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company initiated coverage on Forgent Power Solutions in a research note on Thursday, September 24th. They set an “equal weight” rating and a $44.00 target price for the company. Sanford C. Bernstein cut their price target on Forgent Power Solutions from $48.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday. Zacks Research raised Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Finally, TD Cowen lifted their price objective on Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.00.

Forgent Power Solutions Stock Down 0.4%

FPS traded down $0.08 during trading hours on Friday, hitting $22.07. 10,025,604 shares of the company’s stock were exchanged, compared to its average volume of 12,191,900. The firm has a market cap of $6.72 billion and a P/E ratio of 56.59. Forgent Power Solutions has a 12-month low of $17.67 and a 12-month high of $66.00. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $31.67 and a 200 day moving average of $37.93.

Forgent Power Solutions (NYSE:FPS) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $478.57 million during the quarter. Forgent Power Solutions had a net margin of 7.43% and a return on equity of 31.78%. Forgent Power Solutions’s revenue was up 68.9% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.300-1.440 EPS. Analysts predict that Forgent Power Solutions will post 1.29 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 business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Forgent Power Solutions in the 2nd quarter valued at about $30,000. City State Bank acquired a new stake in shares of Forgent Power Solutions during the 3rd quarter worth about $32,000. GAMMA Investing LLC lifted its stake in Forgent Power Solutions by 918.5% during the third quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after purchasing an additional 845 shares during the last quarter. Triumph Capital Management purchased a new stake in Forgent Power Solutions during the second quarter worth approximately $39,000. Finally, WPG Advisers LLC lifted its stake in Forgent Power Solutions by 417.6% during the third quarter. WPG Advisers LLC now owns 1,144 shares of the company’s stock worth $43,000 after purchasing an additional 923 shares during the last quarter.

Trending Headlines about Forgent Power Solutions

Here are a few of the latest headlines 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
• 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
• 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

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.