Ferguson plc (NASDAQ:FERG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $220.6429.
Several research analysts have commented on the company. Oppenheimer boosted their target price on Ferguson from $189.00 to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company raised their target price on shares of Ferguson from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Truist Financial restated a "buy" rating and issued a $230.00 target price on shares of Ferguson in a research report on Wednesday, June 4th. Morgan Stanley restated an "overweight" rating and issued a $220.00 target price (up previously from $195.00) on shares of Ferguson in a research report on Monday, June 9th. Finally, Barclays raised their target price on shares of Ferguson from $190.00 to $247.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th.
Read Our Latest Stock Analysis on Ferguson
Ferguson Stock Performance
NASDAQ FERG opened at $235.24 on Thursday. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $46.38 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 1.69 and a beta of 1.16. The firm's 50 day simple moving average is $223.96 and its 200 day simple moving average is $192.24. Ferguson has a 1 year low of $146.00 and a 1 year high of $238.16.
Ferguson (NASDAQ:FERG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%.The business's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.32 earnings per share. As a group, research analysts expect that Ferguson will post 9.4 earnings per share for the current fiscal year.
Institutional Trading of Ferguson
A number of hedge funds have recently added to or reduced their stakes in FERG. NewEdge Advisors LLC increased its position in Ferguson by 6.7% in the 4th quarter. NewEdge Advisors LLC now owns 2,284 shares of the company's stock valued at $397,000 after acquiring an additional 144 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Ferguson by 6.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,214 shares of the company's stock worth $211,000 after purchasing an additional 74 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Ferguson by 6.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,672 shares of the company's stock worth $637,000 after purchasing an additional 210 shares during the period. Northern Trust Corp lifted its holdings in shares of Ferguson by 16.9% during the fourth quarter. Northern Trust Corp now owns 1,661,596 shares of the company's stock worth $288,403,000 after purchasing an additional 240,556 shares during the period. Finally, Utah Retirement Systems lifted its holdings in shares of Ferguson by 233.7% during the fourth quarter. Utah Retirement Systems now owns 36,041 shares of the company's stock worth $6,267,000 after purchasing an additional 25,241 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.
Ferguson Company Profile
(
Get Free Report)
Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.
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