Ferguson (NYSE:FERG) Stock Rating Lowered by Wall Street Zen

Key Points

• Ferguson (NYSE:FERG) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, impacting investor sentiment.
• The company reported a quarterly earnings per share (EPS) of $3.48, surpassing the consensus estimate by $0.48 and generating $8.50 billion in revenue.
• Despite the downgrade, analysts have mixed ratings on Ferguson, with one rating it as a "strong buy" and two as "hold," maintaining an average rating of "Moderate Buy."

Ferguson (NYSE:FERG - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Friday.

Several other analysts also recently commented on the stock. The Goldman Sachs Group raised shares of Ferguson to a "strong-buy" rating in a research report on Wednesday, June 18th. Berenberg Bank cut shares of Ferguson from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 5th. Finally, Zacks Research raised shares of Ferguson to a "hold" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Ferguson Stock Performance

Ferguson stock traded up $0.45 during mid-day trading on Friday, hitting $225.82. 1,295,827 shares of the company traded hands, compared to its average volume of 2,374,452. Ferguson has a one year low of $146.00 and a one year high of $243.40. The firm has a market capitalization of $44.53 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.85 and a beta of 1.15. 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 business's fifty day moving average price is $227.85.

Ferguson (NYSE:FERG - Get Free Report) last posted its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.64%. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.44 billion.

About Ferguson

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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