Shares of Ferguson plc (NASDAQ:FERG – Get Rating) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $8,535.38.
Several brokerages recently commented on FERG. Truist Financial dropped their price objective on Ferguson from $165.00 to $140.00 in a research note on Thursday, June 16th. Royal Bank of Canada dropped their price objective on Ferguson from £122 ($147.41) to GBX 9,800 ($118.41) in a research note on Wednesday, June 15th. Barclays dropped their price objective on Ferguson from $160.00 to $148.00 in a research note on Thursday, July 14th. JPMorgan Chase & Co. began coverage on Ferguson in a research note on Tuesday, September 13th. They set an “overweight” rating on the stock. Finally, UBS Group dropped their price objective on Ferguson from £136.50 ($164.93) to £130 ($157.08) in a research note on Wednesday, June 15th.
Ferguson Stock Performance
FERG stock opened at $111.93 on Friday. The business’s fifty day moving average is $119.06 and its 200-day moving average is $123.53. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 0.88. Ferguson has a twelve month low of $105.08 and a twelve month high of $183.67.
Hedge Funds Weigh In On Ferguson
A number of hedge funds and other institutional investors have recently bought and sold shares of FERG. Crewe Advisors LLC bought a new position in Ferguson during the second quarter worth about $26,000. Venture Visionary Partners LLC acquired a new stake in Ferguson during the second quarter worth approximately $30,000. Glassman Wealth Services acquired a new stake in Ferguson during the fourth quarter worth approximately $32,000. Prospera Financial Services Inc acquired a new stake in Ferguson during the first quarter worth approximately $37,000. Finally, Heritage Wealth Management LLC acquired a new stake in Ferguson during the second quarter worth approximately $38,000. Institutional investors own 43.10% of the company’s stock.
Ferguson Company Profile
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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