Ferguson (NASDAQ:FERG) Given New $232.00 Price Target at Barclays

Ferguson (NASDAQ:FERGGet Free Report) had its price objective lowered by equities research analysts at Barclays from $236.00 to $232.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 16.08% from the stock’s current price.

Ferguson Trading Down 0.8 %

NASDAQ FERG opened at $199.86 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. The firm has a market cap of $40.53 billion, a PE ratio of 21.84, a P/E/G ratio of 8.22 and a beta of 1.23. Ferguson has a one year low of $144.08 and a one year high of $224.86. The firm’s fifty day moving average is $213.20 and its two-hundred day moving average is $199.94.

Ferguson (NASDAQ:FERGGet Free Report) last released its quarterly earnings data on Tuesday, June 4th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.32 billion. Ferguson had a net margin of 6.33% and a return on equity of 37.53%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Analysts expect that Ferguson will post 9.66 earnings per share for the current year.

Institutional Investors Weigh In On Ferguson

Large investors have recently made changes to their positions in the business. BayBridge Capital Group LLC boosted its stake in shares of Ferguson by 2.0% in the first quarter. BayBridge Capital Group LLC now owns 2,373 shares of the company’s stock valued at $494,000 after purchasing an additional 47 shares during the period. Verdence Capital Advisors LLC boosted its stake in Ferguson by 3.0% during the 1st quarter. Verdence Capital Advisors LLC now owns 1,663 shares of the company’s stock valued at $363,000 after acquiring an additional 48 shares during the last quarter. OneAscent Financial Services LLC boosted its stake in Ferguson by 1.9% during the 1st quarter. OneAscent Financial Services LLC now owns 2,584 shares of the company’s stock valued at $565,000 after acquiring an additional 49 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Ferguson by 60.0% during the 1st quarter. Venturi Wealth Management LLC now owns 136 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Ferguson by 2.7% during the 4th quarter. Financial Advocates Investment Management now owns 1,995 shares of the company’s stock valued at $385,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds 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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Analyst Recommendations for Ferguson (NASDAQ:FERG)

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