Forgent Power Solutions (NYSE:FPS) Earns “Outperform” Rating from Oppenheimer

Forgent Power Solutions (NYSE:FPS)‘s stock had its “outperform” rating reissued by equities researchers at Oppenheimer in a report issued on Wednesday, Benzinga reports. They presently have a $60.00 target price on the stock. Oppenheimer’s price objective indicates a potential upside of 69.53% from the stock’s previous close.

Several other equities analysts have also weighed in on FPS. Weiss Ratings lowered shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. TD Cowen raised their price target on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp reaffirmed an “overweight” rating on shares of Forgent Power Solutions in a research note on Wednesday. Zacks Research downgraded shares of Forgent Power Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Jefferies Financial Group increased their price objective on Forgent Power Solutions from $44.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Forgent Power Solutions Stock Up 12.9%

NYSE FPS traded up $4.03 on Wednesday, reaching $35.39. The stock had a trading volume of 13,565,578 shares, compared to its average volume of 6,313,174. The company has a current ratio of 1.64, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. Forgent Power Solutions has a 1 year low of $25.95 and a 1 year high of $66.00. The business has a 50 day moving average price of $35.63 and a 200 day moving average price of $40.19. The company has a market capitalization of $10.77 billion and a price-to-earnings ratio of 235.23.

Forgent Power Solutions (NYSE:FPS) last posted its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $461.67 million during the quarter. Forgent Power Solutions had a return on equity of 12.14% and a net margin of 2.17%.The firm’s revenue was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. On average, analysts forecast that Forgent Power Solutions will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Forgent Power Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Forgent Power Solutions in the second quarter worth about $30,000. Triumph Capital Management acquired a new stake in Forgent Power Solutions in the 2nd quarter valued at approximately $39,000. IFP Advisors Inc bought a new position in Forgent Power Solutions in the 2nd quarter worth approximately $48,000. Hollencrest Capital Management acquired a new position in shares of Forgent Power Solutions during the second quarter worth approximately $56,000. Finally, Allworth Financial LP bought a new stake in shares of Forgent Power Solutions in the second quarter valued at approximately $86,000.

Forgent Power Solutions News Summary

Here are the key news stories impacting Forgent Power Solutions this week:

• Positive Sentiment: Record results and earnings beat: Fiscal fourth-quarter revenue rose 94% year over year to approximately $462 million, while adjusted EPS of $0.25 exceeded the $0.24 consensus estimate. Forgent also surpassed the high end of its prior guidance. Forgent Reports Record Fourth Quarter and Full Year 2026 Results
• Positive Sentiment: Strong forward guidance: Management expects fiscal 2027 revenue of $2.4 billion to $2.6 billion and EPS of $1.26 to $1.40, well above analyst expectations of roughly $2.1 billion in revenue and $1.14 EPS. Some reports characterize the outlook as approximately 76% revenue growth. FPS Q4 Earnings Beat Estimates on Powertrain Solutions Growth
• Positive Sentiment: Visibility from demand: Data-center-related power infrastructure demand is driving growth in Forgent’s Powertrain Solutions business. Record bookings and an all-time-high backlog, reported at approximately $3 billion, strengthen expectations for future revenue. Why This Energy Stock Is Showing Data Center Demand Is Hot
• Positive Sentiment: Analyst support and options activity: TD Cowen raised its FPS price target to $76 from $73 and maintained a Buy rating. Large call-option purchases and unusually active options trading also indicate heightened bullish speculation, although options activity is not a fundamental result. Stock Traders Purchase Large Volume of Forgent Power Solutions Call Options

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc develops and manufactures products used in electric power transmission and distribution infrastructure. Its offerings support the generation, transmission, distribution and management of electrical power for utility and industrial applications.

The company’s product portfolio includes equipment and components used in overhead and underground power networks, including electrical connectors, fittings, line hardware and other engineered solutions designed to support the reliability and efficiency of power-delivery systems.

Forgent Power Solutions serves electric utilities, distributors and industrial customers, primarily through markets connected to North American power infrastructure.