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.
Get Ferguson alerts: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
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on Ferguson (FERG)
- Cracker Barrel: A Tasty Treat Or Bad Apple?
- Defensive Stocks For A Volatile Market
- SunPower Is Ready To Power Up Triple-Digit Earnings Gains
- Will UPS Be Next to Deliver a Warning?
- Is This the Darkest Before the Dawn for Gap Stock?
Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.