Ferguson (NYSE:FERG) Stock Price Down 5.3% - Here's Why

Key Points

• Ferguson plc's stock price declined by 5.3% during mid-day trading, reaching a low of $213.42, after closing at $225.72.
• Despite the recent drop, Wall Street analysts have a consensus rating of "Moderate Buy" for Ferguson, with some brokerages raising their ratings.
• The company has a market capitalization of $41.80 billion and a price-to-earnings ratio of 26.43.

Ferguson plc (NYSE:FERG - Get Free Report)'s stock price fell 5.3% during mid-day trading on Friday . The company traded as low as $213.42 and last traded at $213.68. 1,567,461 shares changed hands during trading, a decline of 8% from the average session volume of 1,705,927 shares. The stock had previously closed at $225.72.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FERG. Zacks Research raised Ferguson to a "hold" rating in a research report on Friday, August 8th. The Goldman Sachs Group raised Ferguson to a "strong-buy" rating in a report on Wednesday, June 18th. Wall Street Zen raised Ferguson from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. 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 a consensus rating of "Moderate Buy".

Ferguson Trading Down 6.1%

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 $41.80 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.86 and a beta of 1.15. The stock has a 50 day simple moving average of $226.87.

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.

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