Ferguson (NYSE:FERG) Upgraded to "Strong-Buy" at The Goldman Sachs Group

Ferguson (NYSE:FERG - Get Free Report) was upgraded by equities research analysts at The Goldman Sachs Group to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research analysts also recently commented on the stock. Wall Street Zen raised shares of Ferguson from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Berenberg Bank downgraded shares of Ferguson from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 5th.

Ferguson Stock Performance

Ferguson stock traded up $0.65 during midday trading on Wednesday, reaching $214.95. The stock had a trading volume of 2,776,471 shares, compared to its average volume of 1,666,545. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.64 and a quick ratio of 0.98. The firm has a market capitalization of $42.38 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.51 and a beta of 1.13. Ferguson has a 52-week low of $146.00 and a 52-week high of $225.63.

Ferguson (NYSE:FERG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping 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.