Ferguson (NASDAQ:FERG) Price Target Cut to $190.00 by Analysts at Barclays

Ferguson (NASDAQ:FERG) had its price target dropped by Barclays from $211.00 to $190.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 21.81% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Berenberg Bank upped their price objective on shares of Ferguson from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on Ferguson from $215.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. UBS Group reaffirmed a “neutral” rating and set a $193.00 target price (down previously from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Robert W. Baird set a $190.00 target price on Ferguson and gave the stock an “outperform” rating in a report on Wednesday. Finally, Oppenheimer cut their price target on shares of Ferguson from $234.00 to $189.00 and set an “outperform” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.55.

Ferguson Stock Down 0.6 %

NASDAQ:FERG traded down $1.00 during mid-day trading on Wednesday, hitting $155.98. The company had a trading volume of 469,351 shares, compared to its average volume of 1,819,477. Ferguson has a 1 year low of $154.09 and a 1 year high of $225.63. The business has a fifty day simple moving average of $176.90 and a 200-day simple moving average of $191.11. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $31.19 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.69 and a beta of 1.28.

Ferguson (NASDAQ:FERG) last released its quarterly earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.06). The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.74 EPS. Equities analysts forecast that Ferguson will post 9.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FERG. True Wealth Design LLC lifted its position in shares of Ferguson by 1,350.0% in the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock valued at $29,000 after buying an additional 135 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Ferguson in the third quarter valued at $39,000. LGT Financial Advisors LLC raised its position in shares of Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock valued at $34,000 after purchasing an additional 102 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Ferguson during the 3rd quarter worth about $40,000. Institutional investors own 81.98% of the company’s stock.

About Ferguson

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 provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.