Ferguson (NYSE:FERG) Raised to “Buy” at Wall Street Zen

Ferguson (NYSE:FERG) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also recently weighed in on FERG. Weiss Ratings restated a “buy (b-)” rating on shares of Ferguson in a report on Saturday, September 27th. The Goldman Sachs Group upgraded Ferguson to a “strong-buy” rating in a research report on Wednesday, June 18th. Finally, Zacks Research raised Ferguson to a “hold” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Ferguson Stock Down 0.1%

NYSE:FERG opened at $231.32 on Friday. The business’s 50-day moving average price is $228.24. The firm has a market capitalization of $45.37 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 1.91 and a beta of 1.17. Ferguson has a 52-week low of $146.00 and a 52-week high of $243.40. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.21%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.44 billion.

About Ferguson

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.