Ferguson (NYSE:FERG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Ferguson (NYSE:FERG) had its price target increased by equities research analysts at Wells Fargo & Company from $280.00 to $285.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 12.41% from the stock’s previous close.

Several other equities analysts also recently issued reports on FERG. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Ferguson in a report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $271.00 price objective on shares of Ferguson in a research note on Tuesday. Morgan Stanley restated an “overweight” rating on shares of Ferguson in a research report on Tuesday, January 6th. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferguson in a research note on Thursday, January 8th. Finally, Robert W. Baird raised their price objective on Ferguson from $262.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.50.

Ferguson Stock Down 3.2%

Shares of Ferguson stock traded down $8.32 on Wednesday, reaching $253.53. The stock had a trading volume of 156,705 shares, compared to its average volume of 1,307,185. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $49.58 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.05 and a beta of 1.18. The company has a 50 day moving average price of $245.02 and a 200 day moving average price of $239.45. Ferguson has a 1 year low of $146.00 and a 1 year high of $271.64.

Ferguson (NYSE:FERG) last announced its earnings results on Tuesday, February 24th. The company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a return on equity of 35.73% and a net margin of 6.28%.During the same period in the previous year, the company earned $1.52 EPS. The business’s revenue was up 3.6% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FERG. Leonteq Securities AG purchased a new stake in shares of Ferguson during the fourth quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new position in Ferguson in the 4th quarter valued at $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Ferguson in the 4th quarter worth $27,000. True Wealth Design LLC boosted its holdings in shares of Ferguson by 145.3% in the second quarter. True Wealth Design LLC now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 77 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Ferguson during the third quarter worth about $28,000. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.