Ferguson (NASDAQ:FERG) Rating Lowered to Underperform at Exane BNP Paribas

Ferguson (NASDAQ:FERGGet Rating) was downgraded by research analysts at Exane BNP Paribas from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other brokerages also recently weighed in on FERG. Berenberg Bank decreased their target price on shares of Ferguson from £150 ($184.91) to £140 ($172.58) in a research note on Thursday, March 17th. UBS Group cut their price target on shares of Ferguson from £155 ($191.07) to £140 ($172.58) in a report on Wednesday, January 26th. Zacks Investment Research cut shares of Ferguson from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft cut shares of Ferguson from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, Jefferies Financial Group cut shares of Ferguson from a “buy” rating to a “hold” rating in a report on Monday, February 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7,746.80.

Shares of FERG opened at $118.14 on Friday. Ferguson has a fifty-two week low of $111.81 and a fifty-two week high of $183.67. The firm has a 50-day simple moving average of $131.65 and a 200-day simple moving average of $150.18. 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 (NASDAQ:FERGGet Rating) last announced its earnings results on Tuesday, March 15th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.20. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.04 billion. Equities research analysts predict that Ferguson will post 8.87 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. increased its stake in shares of Ferguson by 2.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,318 shares of the company’s stock worth $596,000 after purchasing an additional 70 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Ferguson by 2.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,639 shares of the company’s stock worth $472,000 after acquiring an additional 74 shares during the last quarter. Signaturefd LLC boosted its position in Ferguson by 9.3% during the first quarter. Signaturefd LLC now owns 1,228 shares of the company’s stock worth $165,000 after acquiring an additional 104 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Ferguson by 8.6% during the first quarter. Quadrant Capital Group LLC now owns 1,480 shares of the company’s stock worth $198,000 after acquiring an additional 117 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in Ferguson by 1.3% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 9,407 shares of the company’s stock worth $1,308,000 after acquiring an additional 119 shares during the last quarter. 46.84% of the stock is owned by institutional investors and hedge funds.

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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