Ferguson’s (FERG) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Ferguson (NASDAQ:FERG) in a research report released on Thursday morning, Marketbeat reports. Berenberg Bank currently has a $215.00 target price on the stock.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Ferguson from $189.00 to $231.00 and gave the stock an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferguson in a research report on Tuesday, April 1st. They set a “hold” rating and a $174.00 price target for the company. Oppenheimer lifted their price target on shares of Ferguson from $189.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Ferguson from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Citigroup lowered their price target on shares of Ferguson from $189.00 to $168.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $215.93.

Ferguson Trading Down 1.5%

FERG opened at $211.56 on Thursday. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $42.30 billion, a PE ratio of 25.40, a PEG ratio of 1.69 and a beta of 1.13. Ferguson has a 1-year low of $146.00 and a 1-year high of $225.63. The firm has a 50-day moving average price of $173.52 and a two-hundred day moving average price of $178.06.

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

Ferguson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, June 20th. Ferguson’s payout ratio is currently 41.40%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FERG. Manchester Capital Management LLC lifted its stake in Ferguson by 906.7% in the fourth 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. Grove Bank & Trust lifted its stake in Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock valued at $32,000 after buying an additional 141 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in Ferguson by 166.7% in the first quarter. Whipplewood Advisors LLC now owns 208 shares of the company’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. Finally, LGT Financial Advisors LLC lifted its stake in Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock valued at $34,000 after buying an additional 102 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

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.