Forgent Power Solutions (NYSE:FPS) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Forgent Power Solutions’ price target from $56 to $49 while maintaining an “overweight” rating, implying approximately 22.7% upside from the stock’s $39.92 price.
• Analyst sentiment remains generally positive: MarketBeat reports a “Moderate Buy” consensus rating and an average target price of $56.07, despite one recent downgrade to “sell.”
• Forgent recently beat quarterly EPS estimates by $0.01, reporting $0.25 per share on $461.67 million in revenue, up 94.3% year over year; shares traded up 0.3% in the latest session.

Forgent Power Solutions (NYSE:FPS - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $56.00 to $49.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 22.74% from the stock's current price.

FPS has been the topic of a number of other research reports. KeyCorp reissued an "overweight" rating on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Robert W. Baird started coverage on shares of Forgent Power Solutions in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $55.00 target price for the company. Weiss Ratings lowered shares of Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, October 2nd. Oppenheimer reissued an "outperform" rating and set a $60.00 price target on shares of Forgent Power Solutions in a research report on Wednesday, September 16th. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.07.

Forgent Power Solutions Trading Up 0.3%

Shares of FPS traded up $0.12 during trading hours on Friday, reaching $39.92. The stock had a trading volume of 4,253,842 shares, compared to its average volume of 6,700,994. Forgent Power Solutions has a 52 week low of $25.95 and a 52 week high of $66.00. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The company has a market cap of $12.15 billion and a P/E ratio of 102.68. The firm has a 50-day moving average of $35.42 and a 200 day moving average of $40.71.

Forgent Power Solutions (NYSE:FPS - Get Free Report) last issued its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $461.67 million during the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%.The company's revenue was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. On average, sell-side analysts expect that Forgent Power Solutions will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Value Aligned Research Advisors LLC bought a new position in shares of Forgent Power Solutions in the 2nd quarter worth about $176,441,000. State Street Corp acquired a new position in shares of Forgent Power Solutions during the second quarter valued at about $118,073,000. Spyglass Capital Management LLC acquired a new stake in shares of Forgent Power Solutions in the 2nd quarter valued at about $39,401,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Forgent Power Solutions during the second quarter valued at approximately $23,123,000. Finally, Glynn Capital Management LLC grew its position in Forgent Power Solutions by 3.1% in the 3rd quarter. Glynn Capital Management LLC now owns 345,268 shares of the company's stock valued at $12,927,000 after purchasing an additional 10,515 shares during the period.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc is an electrical infrastructure company that provides equipment and related solutions used in power generation, transmission, distribution and industrial applications. Its offerings support the delivery, control and management of electricity across utility and commercial power systems.

The company's products and services include transformers, switchgear, substations and other electrical distribution equipment. These solutions are used by electric utilities, industrial customers, commercial facilities and other organizations that require reliable power infrastructure.

Forgent Power Solutions serves customers involved in the North American power and electrical infrastructure markets.

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