Ferguson Enterprises Inc. /DE/ (NYSE:FERG) Cut to “Hold” at Berenberg Bank

Berenberg Bank lowered shares of Ferguson Enterprises Inc. /DE/ (NYSE:FERG) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Separately, Wall Street Zen upgraded Ferguson Enterprises Inc. /DE/ from a “hold” rating to a “buy” rating in a report on Saturday.

Ferguson Enterprises Inc. /DE/ Trading Down 1.7%

Shares of Ferguson Enterprises Inc. /DE/ stock opened at $211.00 on Thursday. The firm has a market capitalization of $41.61 billion, a P/E ratio of 26.31 and a beta of 1.13.

Ferguson Enterprises Inc. /DE/ (NYSE:FERG) last issued its earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.49. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.41 billion.

Ferguson Enterprises Inc. /DE/ Company Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.