Brokerages Set Ferguson plc (NASDAQ:FERG) Price Target at $166.50

Shares of Ferguson plc (NASDAQ:FERGGet Free Report) have been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $199.33.

A number of equities analysts have issued reports on FERG shares. Barclays lowered their target price on Ferguson from $236.00 to $232.00 and set an “overweight” rating for the company in a report on Wednesday. Royal Bank of Canada lowered their target price on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a report on Wednesday.

Check Out Our Latest Report on FERG

Institutional Investors Weigh In On Ferguson

A number of large investors have recently added to or reduced their stakes in FERG. Vontobel Holding Ltd. lifted its position in shares of Ferguson by 5.7% in the 4th quarter. Vontobel Holding Ltd. now owns 542,455 shares of the company’s stock worth $104,318,000 after purchasing an additional 29,396 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ferguson in the 4th quarter worth about $732,000. Brown Advisory Inc. lifted its position in Ferguson by 44.9% during the 4th quarter. Brown Advisory Inc. now owns 2,371,704 shares of the company’s stock valued at $457,905,000 after acquiring an additional 735,270 shares during the period. Nisa Investment Advisors LLC lifted its position in Ferguson by 807.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,515 shares of the company’s stock valued at $2,802,000 after acquiring an additional 12,915 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Ferguson during the 4th quarter valued at about $2,274,000. Institutional investors own 81.98% of the company’s stock.

Ferguson Price Performance

Shares of NASDAQ:FERG opened at $199.86 on Tuesday. Ferguson has a 1 year low of $144.08 and a 1 year high of $224.86. The business has a fifty day simple moving average of $213.20 and a 200 day simple moving average of $199.94. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market cap of $40.53 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 8.22 and a beta of 1.23.

Ferguson (NASDAQ:FERGGet Free Report) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. Ferguson had a return on equity of 37.53% and a net margin of 6.33%. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same period last year, the business posted $2.20 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that Ferguson will post 9.66 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 14th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, June 14th. Ferguson’s dividend payout ratio (DPR) is presently 34.54%.

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.

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Analyst Recommendations for Ferguson (NASDAQ:FERG)

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