Ferguson (NYSE:FERG) Receives “Buy (B-)” Rating from Weiss Ratings

Ferguson (NYSE:FERG)‘s stock had its “buy (b-)” rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently commented on FERG. Robert W. Baird boosted their price objective on shares of Ferguson from $260.00 to $262.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Wall Street Zen raised shares of Ferguson from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferguson in a research report on Wednesday, September 10th. UBS Group boosted their price objective on shares of Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Finally, Truist Financial boosted their price objective on shares of Ferguson from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.71.

Ferguson Stock Performance

Shares of FERG opened at $234.69 on Wednesday. The company’s 50 day moving average is $228.68. Ferguson has a 52 week low of $146.00 and a 52 week high of $243.40. The stock has a market capitalization of $46.03 billion, a P/E ratio of 25.13, a PEG ratio of 1.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.94.

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

Institutional Trading of Ferguson

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wedmont Private Capital acquired a new stake in shares of Ferguson in the third quarter worth $219,000. Ignite Planners LLC acquired a new stake in shares of Ferguson in the third quarter worth $259,000. Chesley Taft & Associates LLC lifted its stake in shares of Ferguson by 18.6% in the third quarter. Chesley Taft & Associates LLC now owns 6,025 shares of the company’s stock worth $1,353,000 after buying an additional 945 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Ferguson in the third quarter worth $500,000. Finally, Aaron Wealth Advisors LLC lifted its stake in shares of Ferguson by 91.8% in the third quarter. Aaron Wealth Advisors LLC now owns 2,043 shares of the company’s stock worth $459,000 after buying an additional 978 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

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.