Ferguson (NASDAQ:FERG) Price Target Raised to $247.00

Ferguson (NASDAQ:FERG - Get Free Report) had its price target lifted by Barclays from $190.00 to $247.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 15.11% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $189.00 target price on shares of Ferguson in a report on Tuesday, March 18th. Oppenheimer decreased their price target on Ferguson from $234.00 to $189.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Wolfe Research started coverage on Ferguson in a research note on Monday, March 17th. They issued a "peer perform" rating for the company. Citigroup decreased their price target on Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company increased their price target on Ferguson from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Ferguson has an average rating of "Moderate Buy" and a consensus target price of $214.50.

Ferguson Price Performance

Shares of FERG stock traded down $1.58 on Wednesday, hitting $214.57. 1,728,273 shares of the company's stock were exchanged, compared to its average volume of 1,645,475. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. Ferguson has a 12 month low of $146.00 and a 12 month high of $225.63. The stock has a market cap of $42.90 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a 50 day moving average of $171.41 and a 200 day moving average of $178.06.

Ferguson (NASDAQ:FERG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. During the same period in the previous year, the firm posted $2.32 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Ferguson will post 9.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Ferguson by 4.4% in the first quarter. Vanguard Group Inc. now owns 19,168,743 shares of the company's stock worth $3,071,408,000 after acquiring an additional 806,718 shares in the last quarter. FMR LLC lifted its holdings in shares of Ferguson by 18.2% in the fourth quarter. FMR LLC now owns 10,007,892 shares of the company's stock valued at $1,740,049,000 after purchasing an additional 1,539,889 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ferguson by 24.5% in the first quarter. Bank of New York Mellon Corp now owns 7,660,299 shares of the company's stock valued at $1,227,410,000 after purchasing an additional 1,506,024 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Ferguson by 13.8% in the first quarter. Invesco Ltd. now owns 6,818,800 shares of the company's stock valued at $1,092,576,000 after purchasing an additional 827,355 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Ferguson by 1.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,935,419 shares of the company's stock valued at $856,746,000 after purchasing an additional 62,887 shares in the last quarter. Institutional investors own 81.98% of the company's stock.

Ferguson Company Profile

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.