Ferguson plc (NASDAQ:FERG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Ferguson plc (NASDAQ:FERGGet Free Report) have received an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $166.50.

FERG has been the subject of several research reports. Wells Fargo & Company raised Ferguson from an “equal weight” rating to an “overweight” rating in a research note on Thursday, January 4th. Raymond James downgraded shares of Ferguson from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Finally, TheStreet raised shares of Ferguson from a “c+” rating to a “b-” rating in a research note on Monday, November 27th.

Get Our Latest Analysis on Ferguson

Ferguson Trading Up 1.0 %

Shares of FERG stock opened at $216.95 on Thursday. The company has a 50-day moving average of $197.72 and a two-hundred day moving average of $178.23. The firm has a market cap of $44.00 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 8.64 and a beta of 1.27. Ferguson has a 1-year low of $123.17 and a 1-year high of $217.46. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.97.

Ferguson (NASDAQ:FERGGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.08). The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.72 billion. Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.91 EPS. On average, analysts predict that Ferguson will post 9.66 EPS for the current year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, March 15th will be given a $0.79 dividend. The ex-dividend date is Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.46%. Ferguson’s dividend payout ratio (DPR) is 36.74%.

Institutional Investors Weigh In On Ferguson

A number of institutional investors have recently bought and sold shares of FERG. Dimensional Fund Advisors LP acquired a new stake in Ferguson in the 1st quarter worth approximately $370,000. Sei Investments Co. increased its position in Ferguson by 11.5% in the 1st quarter. Sei Investments Co. now owns 34,620 shares of the company’s stock worth $4,669,000 after buying an additional 3,570 shares during the period. Vanguard Group Inc. increased its position in Ferguson by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 9,046,579 shares of the company’s stock worth $1,213,327,000 after buying an additional 191,587 shares during the period. Baird Financial Group Inc. increased its position in Ferguson by 100.4% in the 1st quarter. Baird Financial Group Inc. now owns 4,996 shares of the company’s stock worth $670,000 after buying an additional 2,503 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in shares of Ferguson by 31.4% during the first quarter. Loomis Sayles & Co. L P now owns 161,273 shares of the company’s stock valued at $21,630,000 after purchasing an additional 38,584 shares during the period.

About Ferguson

(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.

See Also

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.