Forgent Power Solutions (NYSE:FPS) Price Target Cut to $55.00 by Analysts at TD Cowen

Forgent Power Solutions (NYSE:FPS) had its price objective decreased by TD Cowen from $76.00 to $55.00 in a research report report published on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Roth Capital assumed coverage on Forgent Power Solutions in a research note on Friday, November 6th. They set a “buy” rating on the stock. Morgan Stanley set a $45.00 target price on Forgent Power Solutions in a report on Friday, October 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. JPMorgan Chase & Co. reduced their price target on Forgent Power Solutions from $49.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group reduced their price target 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Forgent Power Solutions Price Performance

Shares of Forgent Power Solutions stock traded down $0.08 on Friday, hitting $22.07. 10,025,604 shares of the company were exchanged, compared to its average volume of 12,191,900. The stock has a market capitalization of $6.72 billion and a price-to-earnings ratio of 56.59. The company has a 50-day moving average price of $31.67 and a 200 day moving average price of $37.93. Forgent Power Solutions has a 1-year low of $17.67 and a 1-year high of $66.00. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86.

Forgent Power Solutions (NYSE:FPS) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Forgent Power Solutions had a return on equity of 31.78% and a net margin of 7.43%. The business had revenue of $478.57 million during the quarter. The business’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. As a group, sell-side analysts predict that Forgent Power Solutions will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of Forgent Power Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in FPS. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Forgent Power Solutions during the 2nd quarter valued at approximately $30,000. City State Bank purchased a new position in Forgent Power Solutions in the third quarter worth approximately $32,000. GAMMA Investing LLC grew its position in Forgent Power Solutions by 918.5% in the third quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after acquiring an additional 845 shares during the period. Triumph Capital Management acquired a new stake in Forgent Power Solutions during the second quarter worth $39,000. Finally, WPG Advisers LLC increased 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 acquiring an additional 923 shares during the last quarter.

Key Stories Impacting Forgent Power Solutions

Here are a few of the latest stories 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
• 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.