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

Ferguson plc (NYSE:FERG - Get Free Report) shares reached 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 traded. The stock had previously closed at $222.73.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Ferguson to a "strong-buy" rating in a research note on Wednesday, June 18th. Wall Street Zen upgraded shares of Ferguson from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Berenberg Bank downgraded shares of Ferguson from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 5th.

Ferguson Stock Performance

The company has a current ratio of 1.64, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $44.20 billion, a PE ratio of 23.57, a P/E/G ratio of 2.60 and a beta of 1.17.

Ferguson (NYSE:FERG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 net margin of 5.32% and a return on equity of 34.02%.

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.