Shares of Ferguson plc (NASDAQ:FERG - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $199.38.
FERG has been the topic of a number of research reports. Oppenheimer dropped their price target on Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird set a $190.00 price target on shares of Ferguson and gave the company an "outperform" rating in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Ferguson in a research note on Tuesday, April 1st. They issued a "hold" rating and a $174.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Ferguson from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. Finally, UBS Group restated a "neutral" rating and issued a $193.00 price target (down previously from $230.00) on shares of Ferguson in a research report on Wednesday, January 8th.
Read Our Latest Research Report on FERG
Ferguson Stock Down 0.1 %
Shares of NASDAQ FERG traded down $0.20 during midday trading on Friday, hitting $169.60. 1,708,318 shares of the company's stock were exchanged, compared to its average volume of 1,588,520. The firm's fifty day simple moving average is $164.25 and its 200-day simple moving average is $181.71. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The company has a market cap of $33.91 billion, a PE ratio of 20.36, a P/E/G ratio of 1.69 and a beta of 1.17. Ferguson has a twelve month low of $146.00 and a twelve month high of $225.63.
Ferguson (NASDAQ:FERG - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The company's quarterly revenue was up 3.0% on a year-over-year basis. Research analysts predict that Ferguson will post 9.4 EPS for the current fiscal year.
Ferguson Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st will be issued a $0.83 dividend. The ex-dividend date is Friday, March 21st. This represents a $3.32 dividend on an annualized basis and a yield of 1.96%. Ferguson's dividend payout ratio (DPR) is presently 40.84%.
Institutional Investors Weigh In On Ferguson
Several institutional investors have recently modified their holdings of the company. Manchester Capital Management LLC boosted its position in Ferguson by 906.7% during the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after purchasing an additional 136 shares in the last quarter. LGT Financial Advisors LLC boosted its position in shares of Ferguson by 106.3% in the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock worth $34,000 after buying an additional 102 shares in the last quarter. Grove Bank & Trust grew its stake in Ferguson by 247.4% in the 1st quarter. Grove Bank & Trust now owns 198 shares of the company's stock valued at $32,000 after acquiring an additional 141 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in Ferguson in the 4th quarter valued at about $35,000. Finally, TD Private Client Wealth LLC increased its holdings in Ferguson by 56.5% during the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock valued at $33,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.
About Ferguson
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Get Free ReportFerguson 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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