Ferguson (NASDAQ:FERG) Now Covered by Analysts at The Goldman Sachs Group

Analysts at The Goldman Sachs Group started coverage on shares of Ferguson (NASDAQ:FERG - Get Free Report) in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $280.00 price target on the stock. The Goldman Sachs Group's price target indicates a potential upside of 32.30% from the company's previous close.

A number of other research analysts have also weighed in on the stock. Wolfe Research started coverage on shares of Ferguson in a research note on Monday, March 17th. They issued a "peer perform" rating on the stock. Oppenheimer lifted their price objective on Ferguson from $189.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada upped their target price on Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Berenberg Bank reiterated a "hold" rating and set a $215.00 price target on shares of Ferguson in a report on Thursday, June 5th. Finally, Wells Fargo & Company boosted their price target on shares of Ferguson from $190.00 to $230.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $221.27.

Ferguson Stock Performance

NASDAQ FERG opened at $211.64 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The stock's 50 day simple moving average is $181.60 and its 200-day simple moving average is $178.12. The company has a market cap of $41.73 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. Ferguson has a 1-year low of $146.00 and a 1-year high of $225.63.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, beating 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 last year, the company posted $2.32 EPS. The firm's revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that Ferguson will post 9.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Grove Bank & Trust raised its position in Ferguson by 247.4% in the 1st quarter. Grove Bank & Trust now owns 198 shares of the company's stock valued at $32,000 after purchasing an additional 141 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in Ferguson by 166.7% in the first quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock worth $33,000 after acquiring an additional 130 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock worth $33,000 after acquiring an additional 74 shares during the last quarter. LGT Financial Advisors LLC grew its holdings in Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock worth $34,000 after acquiring an additional 102 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Ferguson by 103.6% in the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company's stock valued at $36,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other 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.

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