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

Key Points

• Robert W. Baird cut its price target on Forgent Power Solutions to $38 from $55, while maintaining an “outperform” rating; the new target implies 71.18% upside from the stock’s current price.
• Analyst sentiment remains broadly positive: MarketBeat reports an average “Moderate Buy” rating and a consensus price target of $50.93, though other firms have also reduced targets.
• Forgent reported quarterly revenue of $478.6 million, up 68.9% year over year, and EPS of $0.24 versus $0.18 expected. The company raised its fiscal 2027 outlook to $1.30–$1.44 EPS.

Forgent Power Solutions (NYSE:FPS - Get Free Report) had its price target reduced by stock analysts at Robert W. Baird from $55.00 to $38.00 in a report released on Friday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's target price indicates a potential upside of 71.18% from the stock's current price.

FPS has been the subject of several other reports. TD Cowen increased their target price on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, September 16th. Roth Capital began coverage on shares of Forgent Power Solutions in a research report on Friday, November 6th. They issued a "buy" rating on the stock. Morgan Stanley set a $45.00 price target on Forgent Power Solutions in a report on Friday, October 16th. Jefferies Financial Group cut their price objective on Forgent Power Solutions from $47.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, October 23rd. Finally, 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 note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Forgent Power Solutions currently has an average rating of "Moderate Buy" and an average price target of $50.93.

Forgent Power Solutions Stock Performance

NYSE:FPS opened at $22.20 on Friday. Forgent Power Solutions has a twelve month low of $17.67 and a twelve month high of $66.00. 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 50-day moving average of $31.84 and a 200-day moving average of $38.02. The firm has a market cap of $6.76 billion and a price-to-earnings ratio of 56.92.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last announced its quarterly earnings data 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. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The company had revenue of $478.57 million for the quarter. The firm'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. Analysts forecast that Forgent Power Solutions will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of Forgent Power Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP boosted its position in shares of Forgent Power Solutions by 12,661.7% in 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 during the period. State Street Corp raised its position 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 period. Value Aligned Research Advisors LLC acquired a new position in Forgent Power Solutions during the second quarter valued at $176,441,000. William Blair Investment Management LLC lifted its stake in 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 acquiring an additional 408,905 shares in the last quarter. Finally, Phoenix Financial Ltd. lifted its stake in Forgent Power Solutions by 50.0% in the 3rd 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.

Forgent Power Solutions News Roundup

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

• 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.

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