Ferguson plc (NASDAQ:FERG – Get Rating) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $8,535.38.
A number of brokerages have commented on FERG. Exane BNP Paribas lowered Ferguson from a “neutral” rating to an “underperform” rating in a research report on Friday, May 20th. Royal Bank of Canada decreased their price objective on Ferguson from £122 ($146.99) to GBX 9,800 ($118.07) in a research report on Wednesday, June 15th. Truist Financial decreased their price objective on Ferguson from $165.00 to $140.00 in a research report on Thursday, June 16th. Barclays cut their price target on Ferguson from $160.00 to $148.00 in a research note on Thursday, July 14th. Finally, Societe Generale cut their price target on Ferguson from £190 ($228.92) to £145 ($174.70) in a research note on Thursday, June 16th.
Institutional Trading of Ferguson
Several hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. raised its stake in shares of Ferguson by 8.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 20,102 shares of the company’s stock valued at $2,225,000 after purchasing an additional 1,525 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Ferguson by 11.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 156,404 shares of the company’s stock valued at $17,611,000 after purchasing an additional 15,766 shares during the period. Whittier Trust Co. raised its stake in shares of Ferguson by 1,676.1% in the 2nd quarter. Whittier Trust Co. now owns 1,190 shares of the company’s stock valued at $132,000 after purchasing an additional 1,123 shares during the period. Live Oak Private Wealth LLC raised its stake in shares of Ferguson by 40.2% in the 2nd quarter. Live Oak Private Wealth LLC now owns 12,803 shares of the company’s stock valued at $1,417,000 after purchasing an additional 3,669 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Ferguson by 13.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 10,324 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,214 shares during the period. Institutional investors and hedge funds own 46.84% of the company’s stock.
Ferguson Price Performance
Ferguson (NASDAQ:FERG – Get Rating) last announced its quarterly earnings data on Tuesday, June 14th. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.28. The firm had revenue of $7.28 billion during the quarter, compared to the consensus estimate of $6.72 billion. Sell-side analysts anticipate that Ferguson will post 9.81 EPS for the current fiscal year.
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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