Forgent Power Solutions (NYSE:FPS) Given New $38.00 Price Target at Robert W. Baird

Forgent Power Solutions (NYSE:FPS) had its price target lowered by equities researchers at Robert W. Baird from $55.00 to $38.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird‘s target price indicates a potential upside of 71.18% from the company’s previous close.

A number of other research firms have also recently issued reports on FPS. Sanford C. Bernstein reduced their price objective on Forgent Power Solutions from $48.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday. Roth Capital assumed coverage on Forgent Power Solutions in a research report on Friday, November 6th. They issued a “buy” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Jefferies Financial Group cut their price target on Forgent Power Solutions from $47.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, Clear Str upgraded Forgent Power Solutions to a “strong-buy” rating in a report on Monday, October 26th. Two 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.93.

Forgent Power Solutions Stock Down 9.6%

Forgent Power Solutions stock opened at $22.20 on Friday. The firm has a market cap of $6.76 billion and a PE ratio of 56.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54. The firm’s 50 day moving average price is $31.84 and its two-hundred day moving average price is $38.02. Forgent Power Solutions has a twelve month low of $17.67 and a twelve month high of $66.00.

Forgent Power Solutions (NYSE:FPS) last posted 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. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The business had revenue of $478.57 million for the quarter. The business’s quarterly 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. On average, research analysts predict that Forgent Power Solutions will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in shares of Forgent Power Solutions in the 2nd quarter valued at $7,858,000. Spyglass Capital Management LLC acquired a new position in Forgent Power Solutions during the second quarter worth $39,401,000. Scholtz & Company LLC acquired a new position in Forgent Power Solutions during the second quarter worth $1,892,000. Moore Capital Management LP bought a new position in Forgent Power Solutions during the second quarter valued at about $10,401,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Forgent Power Solutions by 223.2% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 54,300 shares of the company’s stock valued at $2,033,000 after buying an additional 37,500 shares in the last quarter.

Trending Headlines about Forgent Power Solutions

Here are a few of the latest headlines 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
• Neutral Sentiment: The guidance range is higher than the prior outlook, but its midpoint is only modestly above the cited $1.34 EPS consensus. That may have left investors wanting a more substantial forecast upgrade. Coverage of guidance and shares

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.