Ferguson’s (FERG) “Hold” Rating Reaffirmed at Berenberg Bank

Ferguson (NASDAQ:FERG)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a report released on Thursday. They currently have a $215.00 price objective on the stock. Berenberg Bank’s price objective suggests a potential downside of 0.59% from the stock’s previous close.

Several other analysts have also recently commented on FERG. Wells Fargo & Company upped their target price on shares of Ferguson from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on Ferguson from $189.00 to $231.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays increased their target price on Ferguson from $190.00 to $247.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer boosted their target price on Ferguson from $189.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group increased their price target on shares of Ferguson from $173.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Ferguson has an average rating of “Moderate Buy” and a consensus target price of $213.31.

Ferguson Stock Performance

Shares of NASDAQ:FERG opened at $216.28 on Thursday. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Ferguson has a 1-year low of $146.00 and a 1-year high of $225.63. The stock has a market capitalization of $43.24 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.69 and a beta of 1.13. The business has a 50-day moving average price of $171.41 and a two-hundred day moving average price of $178.06.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.32 earnings per share. Equities analysts predict that Ferguson will post 9.4 earnings per share for the current year.

Institutional Investors Weigh In On Ferguson

Several large investors have recently made changes to their positions in FERG. Charles Schwab Investment Management Inc. boosted its stake in Ferguson by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company’s stock worth $135,247,000 after purchasing an additional 52,776 shares during the period. New York Life Investment Management LLC bought a new stake in shares of Ferguson in the fourth quarter valued at about $587,000. Markel Group Inc. boosted its position in shares of Ferguson by 25.4% during the fourth quarter. Markel Group Inc. now owns 106,000 shares of the company’s stock worth $18,398,000 after buying an additional 21,500 shares during the period. AMF Tjanstepension AB grew its holdings in shares of Ferguson by 420.4% during the fourth quarter. AMF Tjanstepension AB now owns 66,125 shares of the company’s stock worth $11,477,000 after buying an additional 53,419 shares in the last quarter. Finally, Fisher Funds Management LTD bought a new position in shares of Ferguson during the fourth quarter worth about $16,761,000. Institutional investors own 81.98% of the company’s stock.

Ferguson Company Profile

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.