Ferguson (NASDAQ:FERG – Get Rating) had its target price dropped by investment analysts at Truist Financial from $165.00 to $140.00 in a report released on Thursday, The Fly reports. Truist Financial’s price objective would suggest a potential upside of 26.45% from the company’s previous close.
FERG has been the topic of several other reports. Royal Bank of Canada lowered their price objective on Ferguson from £122 ($148.08) to GBX 9,800 ($118.95) in a report on Wednesday. Berenberg Bank lowered their price objective on Ferguson from £140 ($169.92) to £114 ($138.37) in a report on Friday, June 10th. BNP Paribas cut Ferguson to a “sell” rating in a report on Friday, May 20th. Deutsche Bank Aktiengesellschaft cut Ferguson from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, HSBC upgraded Ferguson from a “hold” rating to a “buy” rating in a report on Monday, February 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7,477.50.
Shares of FERG stock opened at $110.72 on Thursday. The business has a fifty day moving average of $122.62 and a 200 day moving average of $144.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.91 and a current ratio of 1.66. Ferguson has a 1 year low of $107.21 and a 1 year high of $183.67.
Ferguson (NASDAQ:FERG – Get Rating) last posted its earnings results on Tuesday, March 15th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.20. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.04 billion. Equities research analysts anticipate that Ferguson will post 8.87 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its position in Ferguson by 2.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,318 shares of the company’s stock valued at $596,000 after purchasing an additional 70 shares during the period. Checchi Capital Advisers LLC grew its stake in Ferguson by 2.9% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,639 shares of the company’s stock worth $472,000 after acquiring an additional 74 shares during the period. Signaturefd LLC grew its stake in Ferguson by 9.3% in the 1st quarter. Signaturefd LLC now owns 1,228 shares of the company’s stock worth $165,000 after acquiring an additional 104 shares during the period. Quadrant Capital Group LLC grew its stake in Ferguson by 8.6% in the 1st quarter. Quadrant Capital Group LLC now owns 1,480 shares of the company’s stock worth $198,000 after acquiring an additional 117 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Ferguson by 12.1% in the 3rd quarter. Captrust Financial Advisors now owns 1,193 shares of the company’s stock valued at $166,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 46.84% of the company’s stock.
About Ferguson (Get Rating)
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 distributes pipes, valves, fittings, plumbing supplies, water heaters, kitchen and bathroom fixtures, and appliances; heating, ventilation, air conditioning, and refrigeration products and supplies; and plumbing parts and supplies, fire sprinkler systems, hangers, struts, and fasteners.
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