Forgent Power Solutions (NYSE:FPS) Stock Price Target Lowered at TD Cowen

Forgent Power Solutions (NYSE:FPS) had its price target reduced by TD Cowen from $76.00 to $55.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen‘s price objective would suggest a potential upside of 159.27% from the stock’s previous close.

Several other research firms have also recently issued reports on FPS. 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 research note on Friday, October 23rd. Weiss Ratings lowered Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. Sanford C. Bernstein dropped their price target on Forgent Power Solutions from $48.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday. Clear Str upgraded shares of Forgent Power Solutions to a “strong-buy” rating in a report on Monday, October 26th. Finally, Roth Capital started coverage on shares of Forgent Power Solutions in a research report on Friday, November 6th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.43.

Forgent Power Solutions Stock Performance

Shares of NYSE:FPS opened at $21.21 on Friday. 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 company has a market cap of $6.46 billion and a price-to-earnings ratio of 54.89. Forgent Power Solutions has a 12 month low of $17.67 and a 12 month high of $66.00. The company has a 50-day moving average price of $31.84 and a 200-day moving average price of $38.02.

Forgent Power Solutions (NYSE:FPS) last announced 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. The company had revenue of $478.57 million for the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. The business’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. As a group, equities analysts anticipate that Forgent Power Solutions will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Forgent Power Solutions

Several large investors have recently made changes to their positions in the business. First Trust Advisors LP grew its stake in shares of Forgent Power Solutions by 12,661.7% in the 3rd quarter. First Trust Advisors LP now owns 11,030,700 shares of the company’s stock worth $412,989,000 after buying an additional 10,944,264 shares during the last quarter. Value Aligned Research Advisors LLC purchased a new position in Forgent Power Solutions during the second quarter valued at $176,441,000. State Street Corp raised its stake in Forgent Power Solutions by 55.7% during the third quarter. State Street Corp now owns 3,291,083 shares of the company’s stock valued at $123,195,000 after buying an additional 1,177,179 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Forgent Power Solutions by 16.3% in the third quarter. William Blair Investment Management LLC now owns 2,925,175 shares of the company’s stock worth $109,519,000 after acquiring an additional 408,905 shares in the last quarter. Finally, Phoenix Financial Ltd. boosted its holdings in Forgent Power Solutions by 50.0% in the third quarter. Phoenix Financial Ltd. now owns 2,493,924 shares of the company’s stock worth $93,374,000 after acquiring an additional 831,707 shares in the last quarter.

Key Forgent Power Solutions News

These are some of the FPS news items that stood out recently:

• Positive Sentiment: Fiscal Q1 2027 revenue rose 68.9% year over year to $478.6 million, and adjusted earnings of $0.24 per share topped the $0.18 consensus estimate. Forgent said results exceeded the high end of its guidance. Forgent Q1 results and outlook
• Positive Sentiment: Management raised its fiscal 2027 outlook and said AI-lab and hyperscaler orders are building through 2028, supporting expectations for continued data-center-related demand. CEO comments on orders and guidance
• Negative Sentiment: KeyCorp, Robert W. Baird, and Sanford C. Bernstein each cut their FPS price targets. However, all retained bullish ratings—Overweight or Outperform—so the target reductions signal more cautious valuation assumptions rather than a change to outright bearish calls. Read More., Read More., Read More..

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.