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

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

A number of other research firms also recently weighed in on FERG. Berenberg Bank downgraded Ferguson from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 5th. Wall Street Zen upgraded Ferguson from a "hold" rating to a "buy" rating in a report on Saturday, June 7th.

Ferguson Stock Up 1.3%

NYSE:FERG opened at $214.57 on Wednesday. The firm has a market capitalization of $42.31 billion, a PE ratio of 26.75, a PEG ratio of 2.48 and a beta of 1.13. Ferguson has a 52 week low of $146.00 and a 52 week high of $225.63. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 1.64.

Ferguson (NYSE:FERG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.49. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates 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.

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