Forgent Power Solutions (NYSE:FPS) Trading Down 5.9% - Here's What Happened

Key Points

• Forgent Power Solutions shares fell 5.9% to approximately $34.06, with trading volume down 73% from the average session.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $56.75; several firms recently raised their targets to $55–$60.
• The Public Employees Retirement System of Ohio purchased 36,421 shares valued at about $2.0 million during the second quarter, while the company continues to benefit from demand tied to data centers, grid upgrades, and industrial electrification.

Forgent Power Solutions, Inc. (NYSE:FPS - Get Free Report)'s stock price fell 5.9% during trading on Wednesday . The stock traded as low as $33.66 and last traded at $34.0550. Approximately 1,662,128 shares changed hands during trading, a decline of 73% from the average session volume of 6,110,981 shares. The stock had previously closed at $36.18.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Forgent Power Solutions from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. KeyCorp upped their target price on shares of Forgent Power Solutions from $41.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, May 15th. Jefferies Financial Group raised their price target on shares of Forgent Power Solutions from $44.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Oppenheimer boosted their price target on shares of Forgent Power Solutions from $43.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Finally, Barclays upped their price objective on shares of Forgent Power Solutions from $44.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Forgent Power Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $56.75.

Forgent Power Solutions Stock Performance

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 cap of $10.44 billion and a P/E ratio of 228.37. The company's 50 day simple moving average is $45.50.

Hedge Funds Weigh In On Forgent Power Solutions

An institutional investor recently bought a new position in Forgent Power Solutions stock. Public Employees Retirement System of Ohio bought a new stake in Forgent Power Solutions, Inc. (NYSE:FPS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,421 shares of the company's stock, valued at approximately $2,034,000.

Forgent Power Solutions Company Profile

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.

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