Ferguson (NYSE:FERG) Reaches New 52-Week High - Here's What Happened

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FERG shares. Berenberg Bank lowered shares of Ferguson from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 5th. The Goldman Sachs Group upgraded shares of Ferguson to a "strong-buy" rating in a research report on Wednesday, June 18th. Finally, Wall Street Zen upgraded shares of Ferguson from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th.

Ferguson Stock Performance

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

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

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.