Ferguson plc (NASDAQ:FERG – Get Rating) has received an average rating of “Hold” from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $7,092.25.
A number of research analysts recently issued reports on FERG shares. JPMorgan Chase & Co. restated a “hold” rating on shares of Ferguson in a research note on Friday, January 14th. Jefferies Financial Group downgraded Ferguson from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. HSBC upgraded Ferguson from a “hold” rating to a “buy” rating in a research note on Monday, February 28th. Deutsche Bank Aktiengesellschaft downgraded Ferguson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, UBS Group lowered their target price on Ferguson from £155 ($201.67) to £140 ($182.15) in a research note on Wednesday, January 26th.
NASDAQ:FERG opened at $138.48 on Thursday. The stock’s 50 day moving average price is $142.66 and its 200 day moving average price is $153.38. 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 52-week low of $124.53 and a 52-week high of $183.67.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Ferguson in the 1st quarter valued at approximately $313,000. Fieldpoint Private Securities LLC raised its holdings in Ferguson by 1,338.8% during the first quarter. Fieldpoint Private Securities LLC now owns 2,000 shares of the company’s stock worth $272,000 after purchasing an additional 1,861 shares during the last quarter. Norges Bank acquired a new position in Ferguson during the fourth quarter worth $722,808,000. JustInvest LLC raised its holdings in Ferguson by 28.4% during the fourth quarter. JustInvest LLC now owns 4,624 shares of the company’s stock worth $829,000 after purchasing an additional 1,024 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Ferguson during the fourth quarter worth $27,000. 45.04% of the stock is 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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