Ferguson (NASDAQ:FERG) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Ferguson (NASDAQ:FERG) had its target price lifted by Morgan Stanley from $195.00 to $220.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 2.32% from the stock’s current price.

FERG has been the subject of a number of other reports. Wolfe Research assumed coverage on shares of Ferguson in a research report on Monday, March 17th. They set a “peer perform” rating for the company. Truist Financial reaffirmed a “buy” rating and issued a $230.00 target price on shares of Ferguson in a report on Wednesday, June 4th. Robert W. Baird set a $190.00 target price on Ferguson and gave the stock an “outperform” rating in a report on Wednesday, March 12th. Berenberg Bank reaffirmed a “hold” rating and issued a $215.00 target price on shares of Ferguson in a report on Thursday. Finally, Oppenheimer upped their price target on shares of Ferguson from $189.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $217.07.

Ferguson Price Performance

Shares of Ferguson stock traded up $4.01 on Monday, reaching $215.01. 837,217 shares of the stock were exchanged, compared to its average volume of 1,650,949. The firm’s 50 day moving average is $173.52 and its 200-day moving average is $177.86. Ferguson has a one year low of $146.00 and a one year high of $225.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The firm has a market cap of $42.40 billion, a PE ratio of 25.80, a P/E/G ratio of 1.69 and a beta of 1.13.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.32 earnings per share. As a group, analysts anticipate that Ferguson will post 9.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Ferguson

A number of large investors have recently bought and sold shares of FERG. Manchester Capital Management LLC grew its holdings in Ferguson by 906.7% in the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares during the period. Grove Bank & Trust grew its holdings in Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock worth $32,000 after purchasing an additional 141 shares during the period. Whipplewood Advisors LLC grew its holdings in Ferguson by 166.7% in the first quarter. Whipplewood Advisors LLC now owns 208 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the period. TD Private Client Wealth LLC grew its holdings in Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Finally, LGT Financial Advisors LLC grew its holdings in Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock worth $34,000 after purchasing an additional 102 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Company Profile

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.