Shares of Ferguson plc (NASDAQ:FERG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $217.73.
Several equities research analysts have issued reports on FERG shares. Barclays dropped their price target on Ferguson from $234.00 to $211.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Berenberg Bank increased their target price on shares of Ferguson from $224.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Zelman & Associates downgraded shares of Ferguson from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 17th. Oppenheimer began coverage on Ferguson in a report on Wednesday, October 23rd. They set an "outperform" rating and a $234.00 target price for the company. Finally, Robert W. Baird lowered their price target on shares of Ferguson from $230.00 to $225.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th.
Check Out Our Latest Stock Analysis on Ferguson
Shares of FERG opened at $177.25 on Friday. The business's 50 day moving average price is $183.74 and its two-hundred day moving average price is $196.15. The firm has a market cap of $35.44 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. Ferguson has a 52-week low of $167.27 and a 52-week 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 also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, December 20th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.87%. This is an increase from Ferguson's previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Friday, December 20th. Ferguson's dividend payout ratio (DPR) is currently 39.86%.
A number of large investors have recently made changes to their positions in the stock. Asset Dedication LLC bought a new position in shares of Ferguson during the 3rd quarter valued at approximately $27,000. True Wealth Design LLC lifted its stake in shares of Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company's stock valued at $29,000 after buying an additional 135 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock valued at $26,000 after buying an additional 136 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Ferguson in the 3rd quarter worth $37,000. Finally, Peterson Financial Group Inc. purchased a new stake in Ferguson in the 3rd quarter worth $39,000. 81.98% of the stock is currently owned by institutional investors.
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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