Forgent Power Solutions' (FPS) "Outperform" Rating Reaffirmed at Oppenheimer

Key Points

• Oppenheimer reaffirmed its “Outperform” rating on Forgent Power Solutions, with a $60 price target implying approximately 69.5% upside from the stock’s $35.39 price. MarketBeat’s analyst consensus is “Moderate Buy,” with an average target of $57.
• Forgent reported quarterly EPS of $0.25, beating the $0.24 consensus estimate, while revenue surged 94.3% year over year to $461.67 million. Management issued fiscal 2027 EPS guidance of $1.26 to $1.40.
• Demand remains strong, particularly for data-center-related power infrastructure, supporting record bookings and an all-time-high backlog of roughly $3 billion.

Forgent Power Solutions (NYSE:FPS - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Oppenheimer in a research note issued on Wednesday, Benzinga reports. They presently have a $60.00 target price on the stock. Oppenheimer's target price would indicate a potential upside of 69.53% from the stock's current price.

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

Forgent Power Solutions Stock Performance

FPS stock traded up $4.03 on Wednesday, reaching $35.39. The company's stock had a trading volume of 13,565,578 shares, compared to its average volume of 6,313,174. The firm has a fifty day moving average of $35.63 and a two-hundred day moving average of $40.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.64 and a quick ratio of 1.16. The company has a market capitalization of $10.77 billion and a P/E ratio of 235.23. Forgent Power Solutions has a 52 week low of $25.95 and a 52 week high of $66.00.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last released its quarterly earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.Forgent Power Solutions's revenue for the quarter was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. As a group, analysts predict that Forgent Power Solutions will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Forgent Power Solutions

A number of institutional investors and hedge funds have recently modified their holdings of FPS. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Forgent Power Solutions during the second quarter valued at $30,000. Triumph Capital Management purchased a new stake in Forgent Power Solutions during the second quarter valued at about $39,000. IFP Advisors Inc acquired a new position in shares of Forgent Power Solutions in the second quarter worth about $48,000. Hollencrest Capital Management purchased a new position in shares of Forgent Power Solutions in the second quarter worth approximately $56,000. Finally, Allworth Financial LP acquired a new stake in shares of Forgent Power Solutions during the second quarter valued at approximately $86,000.

Forgent Power Solutions News Roundup

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

About Forgent Power Solutions

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.

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