Ferguson (NASDAQ:FERG – Get Rating) had its price objective decreased by Truist Financial from $140.00 to $130.00 in a report issued on Wednesday, The Fly reports.
FERG has been the subject of a number of other research reports. UBS Group dropped their price objective on shares of Ferguson from £136.50 ($164.93) to £130 ($157.08) in a research note on Wednesday, June 15th. Royal Bank of Canada decreased their price objective on shares of Ferguson from £122 ($147.41) to GBX 9,800 ($118.41) in a report on Wednesday, June 15th. Berenberg Bank decreased their price objective on shares of Ferguson from £140 ($169.16) to £114 ($137.75) in a report on Friday, June 10th. Barclays decreased their price objective on shares of Ferguson from $160.00 to $148.00 in a report on Thursday, July 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ferguson in a report on Tuesday, September 13th. They set an overweight rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $7,601.44.
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Ferguson Stock Down 4.8 %
NASDAQ FERG opened at $103.22 on Wednesday. Ferguson has a 12-month low of $102.42 and a 12-month high of $183.67. The company has a current ratio of 1.56, a quick ratio of 0.88 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $118.69 and a two-hundred day moving average price of $121.72.
Institutional Trading of Ferguson
A number of hedge funds have recently modified their holdings of FERG. Credit Agricole S A acquired a new stake in shares of Ferguson in the 4th quarter valued at approximately $11,066,000. Schonfeld Strategic Advisors LLC raised its holdings in Ferguson by 0.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 22,000 shares of the company's stock worth $3,935,000 after buying an additional 166 shares during the period. Mather Group LLC. acquired a new stake in Ferguson during the 4th quarter worth approximately $477,000. Metatron Capital SICAV plc acquired a new stake in Ferguson during the 4th quarter worth approximately $812,000. Finally, JustInvest LLC raised its holdings in Ferguson by 28.4% during the 4th quarter. JustInvest LLC now owns 4,624 shares of the company's stock worth $829,000 after buying an additional 1,024 shares during the period. 43.10% of the stock is currently owned by institutional investors and hedge funds.
Ferguson Company Profile
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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 distributes pipes, valves, fittings, plumbing supplies, water heaters, kitchen and bathroom fixtures, and appliances; heating, ventilation, air conditioning, and refrigeration products and supplies; and plumbing parts and supplies, fire sprinkler systems, hangers, struts, and fasteners.
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