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

Forgent Power Solutions (NYSE:FPS) had its target price dropped by research analysts at KeyCorp from $60.00 to $46.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp‘s price target suggests a potential upside of 107.22% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and set a $60.00 price objective on shares of Forgent Power Solutions in a report on Wednesday, September 16th. Jefferies Financial Group dropped their target price on shares of Forgent Power Solutions from $47.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Robert W. Baird dropped their target price on shares of Forgent Power Solutions from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday. Weiss Ratings cut shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. Finally, Roth Capital initiated coverage on shares of Forgent Power Solutions in a report on Friday, November 6th. They issued a “buy” rating for the company. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Forgent Power Solutions presently has an average rating of “Moderate Buy” and an average target price of $49.93.

Forgent Power Solutions Price Performance

Shares of FPS stock opened at $22.20 on Friday. 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 has a 12-month low of $17.67 and a 12-month high of $66.00. The firm has a fifty day moving average of $31.84 and a 200-day moving average of $38.02. The firm has a market capitalization of $6.76 billion and a price-to-earnings ratio of 56.92.

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, topping 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 return on equity of 24.59% and a net margin of 5.76%. The business’s quarterly 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. On average, equities research analysts forecast that Forgent Power Solutions will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bleakley Financial Group LLC purchased a new stake in shares of Forgent Power Solutions in the third quarter worth $2,841,000. First Trust Advisors LP grew its position in Forgent Power Solutions by 12,661.7% during the third 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 in the last quarter. Allianz SE purchased a new position in Forgent Power Solutions during the third quarter worth about $45,000. State Street Corp increased its stake in Forgent Power Solutions by 55.7% in the 3rd quarter. State Street Corp now owns 3,291,083 shares of the company’s stock worth $123,195,000 after acquiring an additional 1,177,179 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in Forgent Power Solutions in the 3rd quarter worth about $2,462,000.

Forgent Power Solutions News Roundup

Here’s some of the latest news about FPS:

• Positive Sentiment: Forgent reported record quarterly revenue of about $478.6 million, up 68.9% year over year, and adjusted earnings of $0.24 per share—$0.06 above analyst consensus. The company said results exceeded the high end of its guidance. Business Wire earnings release
• Positive Sentiment: The company raised its fiscal 2027 outlook to $2.5 billion–$2.7 billion in revenue and $1.30–$1.44 in EPS. Its CEO also sees AI-lab and hyperscaler orders building through 2028, supporting the longer-term demand outlook. CEO outlook and guidance
• Negative Sentiment: Valuation may be weighing on the shares: one post-earnings analysis questioned whether FPS remains too expensive, leaving limited room for a strong report to satisfy investors. Post-earnings valuation analysis

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.