Forgent Power Solutions (NYSE:FPS) Stock Gets Price Target Trim from KeyCorp

Key Points

• KeyCorp cut its price target on Forgent Power Solutions from $60 to $46 but maintained an “overweight” rating; the new target implies about 107% upside from the stock’s $22.20 Friday opening price.
• Analyst sentiment remains broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $49.93, though individual targets range widely.
• Forgent beat quarterly EPS estimates, reporting $0.24 versus $0.18 expected, while revenue rose 68.9% year over year to $478.57 million. The company also issued fiscal 2027 EPS guidance of $1.30–$1.44.

Forgent Power Solutions (NYSE:FPS - Get Free Report) had its price target decreased by stock analysts at KeyCorp from $60.00 to $46.00 in a report released on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price target points to a potential upside of 107.22% from the stock's current price.

A number of other brokerages have also weighed in on FPS. Oppenheimer restated an "outperform" rating and issued a $60.00 target price on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. Wells Fargo & Company started coverage on shares of Forgent Power Solutions in a research report on Thursday, September 24th. They set an "equal weight" rating and a $44.00 price target on the stock. TD Cowen increased their price objective on shares of Forgent Power Solutions from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. lowered their price objective on shares of Forgent Power Solutions from $49.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Morgan Stanley set a $45.00 target price on shares of Forgent Power Solutions in a research note on Friday, October 16th. Two 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.93.

Forgent Power Solutions Stock Performance

Shares of NYSE:FPS opened at $22.20 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 1.07. The business's fifty day moving average price is $31.84 and its two-hundred day moving average price is $38.02. Forgent Power Solutions has a fifty-two week low of $17.67 and a fifty-two week high of $66.00. The stock has a market capitalization of $6.76 billion and a price-to-earnings ratio of 56.92.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last announced its earnings results on Thursday, November 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter. The company'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. As a group, analysts predict that Forgent Power Solutions will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FPS. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Forgent Power Solutions during the second quarter worth approximately $30,000. City State Bank bought a new position in Forgent Power Solutions in the third quarter valued at approximately $32,000. GAMMA Investing LLC grew its holdings in Forgent Power Solutions by 918.5% during the 3rd quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after acquiring an additional 845 shares during the period. Triumph Capital Management acquired a new stake in Forgent Power Solutions during the 2nd quarter worth $39,000. Finally, WPG Advisers LLC raised its position in shares of Forgent Power Solutions by 417.6% during the 3rd quarter. WPG Advisers LLC now owns 1,144 shares of the company's stock valued at $43,000 after acquiring an additional 923 shares during the last quarter.

Key Forgent Power Solutions News

Investors following FPS have been watching these news items:

• 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
• 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

About Forgent Power Solutions

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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