Wall Street Zen Downgrades Ferguson (NYSE:FERG) to Hold

Ferguson (NYSE:FERG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Friday.

FERG has been the subject of a number of other reports. Zacks Research raised shares of Ferguson to a “hold” rating in a research note on Friday, August 8th. Berenberg Bank downgraded shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 5th. Finally, The Goldman Sachs Group upgraded shares of Ferguson to a “strong-buy” rating in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Ferguson Price Performance

FERG stock opened at $225.82 on Friday. Ferguson has a 1 year low of $146.00 and a 1 year high of $243.40. The company has a market capitalization of $44.53 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.85 and a beta of 1.15. The business has a 50-day moving average of $227.85. The company has a current ratio of 1.64, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90.

Ferguson (NYSE:FERG) last released its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.64%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.44 billion.

Ferguson 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.