Ferguson (NASDAQ:FERG – Get Rating) had its target price dropped by equities research analysts at Morgan Stanley from £127.50 ($154.40) to GBX 8,930 ($108.14) in a research report issued on Friday, The Fly reports.
Other equities analysts have also issued research reports about the stock. Credit Suisse Group cut their price objective on shares of Ferguson from £114.75 ($138.96) to £103.65 ($125.51) in a research report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft lowered shares of Ferguson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. UBS Group cut their price objective on shares of Ferguson from £136.50 ($165.29) to £130 ($157.42) in a research report on Wednesday, June 15th. Truist Financial cut their price objective on shares of Ferguson from $165.00 to $140.00 in a research report on Thursday, June 16th. Finally, Royal Bank of Canada cut their price objective on shares of Ferguson from £122 ($147.74) to GBX 9,800 ($118.67) in a research report on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ferguson currently has an average rating of “Hold” and an average price target of $8,536.88.
FERG stock opened at $111.08 on Friday. The firm has a 50 day simple moving average of $115.69 and a 200 day simple moving average of $138.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.88 and a current ratio of 1.56. Ferguson has a 52 week low of $105.08 and a 52 week high of $183.67.
A number of hedge funds have recently made changes to their positions in the stock. American Trust bought a new position in Ferguson during the first quarter worth $336,000. Verition Fund Management LLC bought a new position in Ferguson during the first quarter worth $1,406,000. Walleye Capital LLC bought a new position in Ferguson during the first quarter worth $1,031,000. EverSource Wealth Advisors LLC increased its position in Ferguson by 323.6% during the first quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $84,000 after acquiring an additional 479 shares during the period. Finally, Armor Advisors L.L.C. bought a new position in Ferguson during the first quarter worth $17,781,000. 46.84% of the stock is currently owned by institutional investors and hedge funds.
Ferguson Company Profile (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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Source: defenseworld.net
