Ferguson (NYSE:FERG) Trading 0.4% Higher - Should You Buy?

Key Points

• Ferguson plc's shares increased by 0.4% during mid-day trading, with the stock last trading at $233.38, while 1,481,652 shares changed hands, which is a 41% increase from its average session volume.
• Recent analyst ratings include a strong-buy upgrade from Goldman Sachs, while other firms provided mixed ratings, resulting in an average rating of "Moderate Buy".
• The company reported quarterly earnings of $2.50 per share, exceeding expectations by $0.49, with revenues of $7.62 billion compared to the estimated $7.41 billion.

Ferguson plc (NYSE:FERG - Get Free Report)'s share price rose 0.4% during mid-day trading on Tuesday . The company traded as high as $234.12 and last traded at $233.38. Approximately 1,481,652 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 1,047,753 shares. The stock had previously closed at $232.49.

Analyst Ratings Changes

FERG has been the topic of a number of research reports. Zacks Research upgraded Ferguson to a "hold" rating in a research note on Friday, August 8th. Wall Street Zen upgraded Ferguson from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. The Goldman Sachs Group raised Ferguson to a "strong-buy" rating in a report on Wednesday, June 18th. Finally, Berenberg Bank lowered Ferguson from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Ferguson Stock Down 1.3%

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 $45.58 billion, a P/E ratio of 28.82, a PEG ratio of 1.92 and a beta of 1.16. The company has a 50-day simple moving average of $224.67.

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