Ferguson (NYSE:FERG) Reaches New 1-Year High - Still a Buy?

Ferguson plc (NYSE:FERG - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $225.99 and last traded at $225.48, with a volume of 89009 shares trading hands. The stock had previously closed at $222.73.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen upgraded Ferguson from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. The Goldman Sachs Group upgraded Ferguson to a "strong-buy" rating in a report on Wednesday, June 18th. Finally, Berenberg Bank downgraded Ferguson from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 5th.

Ferguson Trading Down 1.7%

The firm has a market capitalization of $43.49 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.62 and a beta of 1.17. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.64 and a quick ratio of 0.88.

Ferguson (NYSE:FERG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.49. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.41 billion. Ferguson had a return on equity of 34.02% and a net margin of 5.32%.

Ferguson Company Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.