Ferguson plc (NASDAQ:FERG) Given Consensus Recommendation of “Hold” by Analysts

Shares of Ferguson plc (NASDAQ:FERGGet Rating) have been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8,448.82.

A number of equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Ferguson from $140.00 to $155.00 in a report on Wednesday, December 7th. JPMorgan Chase & Co. reduced their price target on shares of Ferguson from £132 ($161.07) to £125 ($152.53) in a report on Friday, September 30th. Truist Financial raised their price target on shares of Ferguson from $130.00 to $138.00 in a report on Thursday, December 8th. Morgan Stanley raised their price target on shares of Ferguson from GBX 9,500 ($115.92) to GBX 9,890 ($120.68) in a report on Wednesday, December 7th. Finally, TheStreet raised shares of Ferguson from a “d+” rating to a “c-” rating in a research report on Friday, November 18th.

Institutional Trading of Ferguson

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Gravity Asset Management Inc. purchased a new stake in shares of Ferguson during the third quarter valued at approximately $32,000. Crewe Advisors LLC bought a new position in Ferguson during the second quarter valued at $26,000. Venture Visionary Partners LLC bought a new position in Ferguson during the second quarter valued at $30,000. CWM LLC grew its holdings in Ferguson by 40.4% during the third quarter. CWM LLC now owns 323 shares of the company’s stock valued at $33,000 after purchasing an additional 93 shares during the period. Finally, Heritage Wealth Management LLC bought a new position in Ferguson during the second quarter valued at $38,000. 52.19% of the stock is owned by hedge funds and other institutional investors.

Ferguson Trading Up 2.1 %

NASDAQ:FERG opened at $138.00 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $31.06 billion, a price-to-earnings ratio of 13.76 and a beta of 1.21. The firm has a fifty day simple moving average of $126.61 and a two-hundred day simple moving average of $118.72. Ferguson has a 12 month low of $99.16 and a 12 month high of $168.90.

Ferguson Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, December 16th will be paid a $0.75 dividend. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 15th. Ferguson’s dividend payout ratio (DPR) is presently 29.91%.

Ferguson Company Profile

(Get Rating)

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.

Featured Stories

Analyst Recommendations for Ferguson (NASDAQ:FERG)

Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.