Ferguson plc (NASDAQ:FERG – Get Rating) has been given an average rating of “Hold” by the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Six 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 brokerages that have issued a report on the stock in the last year is $7,746.80.
Several analysts recently weighed in on the company. Barclays assumed coverage on Ferguson in a research report on Friday, April 22nd. They set an “overweight” rating for the company. Jefferies Financial Group downgraded Ferguson from a “buy” rating to a “hold” rating in a research report on Monday, February 28th. Zacks Investment Research upgraded Ferguson from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Wednesday, March 2nd. Credit Suisse Group lowered their target price on Ferguson from £114.75 ($141.47) to £103.65 ($127.79) in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut Ferguson from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th.
NASDAQ:FERG opened at $122.09 on Monday. The stock has a fifty day moving average price of $133.82 and a 200-day moving average price of $151.07. The company has a current ratio of 1.66, a quick ratio of 0.91 and a debt-to-equity ratio of 0.57. Ferguson has a fifty-two week low of $111.81 and a fifty-two week high of $183.67.
The business also recently declared a semi-annual dividend, which was paid on Friday, May 6th. Stockholders of record on Friday, March 25th were paid a $0.84 dividend. The ex-dividend date was Thursday, March 24th. This represents a dividend yield of 1.7%.
Hedge funds have recently modified their holdings of the company. UMB Bank N A MO acquired a new stake in shares of Ferguson in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Ferguson during the 4th quarter valued at about $27,000. CVA Family Office LLC bought a new stake in shares of Ferguson during the 4th quarter valued at about $29,000. Glassman Wealth Services bought a new position in Ferguson in the fourth quarter worth approximately $32,000. Finally, CWM LLC bought a new position in Ferguson in the fourth quarter worth approximately $43,000. 46.84% of the stock is owned by institutional investors.
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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