Forgent Power Solutions (NYSE:FPS) Given New $46.00 Price Target at KeyCorp

Forgent Power Solutions (NYSE:FPS) had its price objective lowered by KeyCorp from $60.00 to $46.00 in a report published on Friday morning, Marketbeat.com reports. KeyCorp currently has an overweight rating on the stock.

Several other research firms have also issued reports on FPS. Oppenheimer restated an “outperform” rating and set a $60.00 price target on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Zacks Research raised Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Weiss Ratings downgraded Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. TD Cowen boosted their target price on Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Finally, Sanford C. Bernstein dropped their target price on Forgent Power Solutions from $48.00 to $33.00 and set an “outperform” rating for the company in a report on Friday. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.00.

Forgent Power Solutions Trading Down 0.4%

Shares of FPS traded down $0.08 during mid-day trading on Friday, reaching $22.07. The company’s stock had a trading volume of 10,025,604 shares, compared to its average volume of 12,191,900. The stock has a market cap of $6.72 billion and a PE ratio of 56.59. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Forgent Power Solutions has a 52 week low of $17.67 and a 52 week high of $66.00. The company’s fifty day moving average price is $31.67 and its two-hundred day moving average price is $37.93.

Forgent Power Solutions (NYSE:FPS) last announced its quarterly earnings data 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 during the quarter. Forgent Power Solutions had a net margin of 7.43% and a return on equity of 31.78%. The firm’s revenue for the quarter 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, analysts predict that Forgent Power Solutions will post 1.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Forgent Power Solutions

A number of hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its holdings in Forgent Power Solutions by 12,661.7% during the 3rd quarter. First Trust Advisors LP now owns 11,030,700 shares of the company’s stock valued at $412,989,000 after purchasing an additional 10,944,264 shares during the period. Marshall Wace LLP lifted its holdings in Forgent Power Solutions by 3,173.8% in the 3rd quarter. Marshall Wace LLP now owns 4,712,443 shares of the company’s stock worth $176,434,000 after buying an additional 4,568,499 shares during the period. State Street Corp lifted its holdings 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 buying an additional 1,177,179 shares during the period. Value Aligned Research Advisors LLC bought a new stake in shares of Forgent Power Solutions in the 2nd quarter worth approximately $176,441,000. Finally, William Blair Investment Management LLC grew its position in shares of Forgent Power Solutions by 16.3% in the 3rd quarter. William Blair Investment Management LLC now owns 2,925,175 shares of the company’s stock worth $109,519,000 after buying an additional 408,905 shares during the last quarter.

Recent Forgent Power Solutions Headlines

Here are a few of the latest headlines 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
• 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
• Negative Sentiment: FPS shares sold off despite the strong quarter. Reports point to concerns about the full-year outlook and whether the stock’s valuation is justified, suggesting investors may want stronger evidence that growth will translate into sustained earnings. Why Forgent shares fell

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.