Ferguson (NASDAQ:FERG) Price Target Raised to $250.00

Ferguson (NASDAQ:FERG - Get Free Report) had its price objective lifted by research analysts at Wells Fargo & Company from $230.00 to $250.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 13.31% from the company's previous close.

Several other brokerages have also recently commented on FERG. Barclays boosted their price target on Ferguson from $190.00 to $247.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Citigroup dropped their price target on Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Berenberg Bank reissued a "hold" rating and set a $215.00 price objective on shares of Ferguson in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft began coverage on Ferguson in a research note on Tuesday, April 1st. They set a "hold" rating and a $174.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their price objective on Ferguson from $189.00 to $231.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $222.60.

Ferguson Price Performance

Shares of FERG traded down $3.77 during trading hours on Tuesday, hitting $220.63. 1,092,810 shares of the stock were exchanged, compared to its average volume of 1,680,671. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. Ferguson has a 12-month low of $146.00 and a 12-month high of $226.63. The company has a market cap of $43.50 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The stock's 50-day moving average price is $200.85 and its two-hundred day moving average price is $181.20.

Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $2.32 earnings per share. Ferguson's revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts expect that Ferguson will post 9.4 earnings per share for the current year.

Hedge Funds Weigh In On Ferguson

Several large investors have recently modified their holdings of FERG. Grove Bank & Trust lifted its stake in shares of 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 during the last quarter. Whipplewood Advisors LLC lifted its stake in shares of Ferguson by 166.7% in the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Ferguson by 56.5% in the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in shares of Ferguson by 106.3% in the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake 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. Institutional investors and hedge funds 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.