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Ferguson (NYSE:FERG) Hits New 1-Year High - Here's Why

Ferguson logo with Industrials background

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FERG. Wall Street Zen raised shares of Ferguson from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Berenberg Bank lowered shares of Ferguson from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 5th. Finally, The Goldman Sachs Group raised shares of Ferguson to a "strong-buy" rating in a report on Wednesday, June 18th.

View Our Latest Stock Report on Ferguson

Ferguson Trading Up 0.6%

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 firm has a market cap of $44.19 billion, a PE ratio of 27.94, a P/E/G ratio of 2.61 and a beta of 1.17.

Ferguson (NYSE:FERG - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, beating 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 firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.41 billion.

About Ferguson

(Get Free Report)

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.

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