Ferguson plc (NASDAQ:FERG) Receives $231.57 Average Price Target from Brokerages

by · The Cerbat Gem

Shares of Ferguson plc (NASDAQ:FERG – Get Free Report) have been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $231.57.

A number of analysts have recently issued reports on the company. UBS Group lifted their price target on Ferguson from $228.00 to $236.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Jefferies Financial Group increased their price objective on Ferguson from $238.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Citigroup boosted their target price on Ferguson from $203.00 to $221.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Barclays increased their price target on shares of Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Finally, Robert W. Baird boosted their price objective on shares of Ferguson from $222.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th.

Check Out Our Latest Analysis on Ferguson

Ferguson Trading Up 0.3 %

Shares of Ferguson stock opened at $198.69 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80. The stock has a market capitalization of $39.89 billion, a P/E ratio of 23.29, a P/E/G ratio of 3.31 and a beta of 1.20. Ferguson has a 52-week low of $147.62 and a 52-week high of $225.63. The stock’s 50-day simple moving average is $200.24 and its 200 day simple moving average is $205.55.

Ferguson (NASDAQ:FERG – Get Free Report) last posted its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.12. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The firm had revenue of $7.95 billion during the quarter, compared to analyst estimates of $8.01 billion. During the same period last year, the company earned $2.77 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts anticipate that Ferguson will post 9.86 EPS for the current year.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, September 27th. Ferguson’s dividend payout ratio (DPR) is presently 37.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cibc World Markets Corp purchased a new stake in Ferguson during the 4th quarter valued at $1,097,000. Prudential PLC increased its holdings in Ferguson by 0.9% during the 4th quarter. Prudential PLC now owns 10,525 shares of the company’s stock valued at $2,032,000 after purchasing an additional 93 shares during the period. Ossiam lifted its holdings in Ferguson by 3.6% in the 4th quarter. Ossiam now owns 10,498 shares of the company’s stock worth $2,027,000 after buying an additional 368 shares during the period. Verition Fund Management LLC grew its position in shares of Ferguson by 262.7% in the 4th quarter. Verition Fund Management LLC now owns 74,674 shares of the company’s stock worth $14,417,000 after buying an additional 54,088 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its stake in shares of Ferguson by 5.5% during the fourth quarter. State of Tennessee Treasury Department now owns 157,530 shares of the company’s stock valued at $30,294,000 after buying an additional 8,215 shares during the period. Institutional investors own 81.98% of the company’s stock.

Ferguson Company Profile

(Get Free Report

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.

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