Ferguson (NYSE:FERG) Rating Increased to Buy at Wall Street Zen

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

Other analysts have also issued reports about the company. The Goldman Sachs Group raised Ferguson to a “strong-buy” rating in a research report on Wednesday, June 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferguson in a research note on Saturday, September 27th. Finally, Zacks Research raised Ferguson to a “hold” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Ferguson Trading Down 0.1%

Shares of Ferguson stock opened at $231.32 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.68. The stock’s 50-day simple moving average is $228.24. Ferguson has a 1-year low of $146.00 and a 1-year high of $243.40. The firm has a market cap of $45.37 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.91 and a beta of 1.17.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.48. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.44 billion.

About Ferguson

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.