Ferguson (NASDAQ:FERG) PT Lowered to £103.65

Ferguson (NASDAQ:FERGGet Rating) had its target price cut by stock analysts at Credit Suisse Group from £114.75 ($141.47) to £103.65 ($127.79) in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other research firms also recently commented on FERG. Jefferies Financial Group downgraded shares of Ferguson from a “buy” rating to a “hold” rating in a research report on Monday, February 28th. Barclays started coverage on shares of Ferguson in a research note on Friday, April 22nd. They set an “overweight” rating on the stock. Zacks Investment Research upgraded shares of Ferguson from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Wednesday, March 2nd. Truist Financial lifted their price target on shares of Ferguson from $186.00 to $200.00 in a research note on Friday, January 14th. Finally, UBS Group dropped their price target on shares of Ferguson from £155 ($191.10) to £140 ($172.61) in a research note on Wednesday, January 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $7,746.80.

NASDAQ:FERG opened at $122.09 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.66 and a debt-to-equity ratio of 0.57. Ferguson has a 12 month low of $111.81 and a 12 month high of $183.67. The company has a 50 day simple moving average of $133.82 and a two-hundred day simple moving average of $151.06.

Ferguson (NASDAQ:FERGGet Rating) last posted its earnings results on Tuesday, March 15th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.20. The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.04 billion. As a group, equities analysts forecast that Ferguson will post 8.87 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FERG. Citadel Advisors LLC purchased a new position in shares of Ferguson during the 2nd quarter valued at $206,000. Morgan Stanley increased its holdings in Ferguson by 339.6% in the 2nd quarter. Morgan Stanley now owns 55,508 shares of the company’s stock valued at $7,746,000 after acquiring an additional 42,880 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Ferguson by 10.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,663 shares of the company’s stock valued at $651,000 after acquiring an additional 438 shares during the last quarter. JustInvest LLC increased its holdings in Ferguson by 12.4% in the 3rd quarter. JustInvest LLC now owns 3,600 shares of the company’s stock valued at $502,000 after acquiring an additional 396 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Ferguson by 5,914.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,263 shares of the company’s stock valued at $47,000 after acquiring an additional 1,242 shares during the last quarter. 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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