Ferguson (NASDAQ:FERG) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferguson (NASDAQ:FERG - Get Free Report) in a report released on Tuesday, Marketbeat.com reports. The brokerage set a "hold" rating and a $174.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 12.10% from the company's previous close.

Several other equities analysts have also commented on FERG. Citigroup dropped 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. JPMorgan Chase & Co. lowered their price target on Ferguson from $205.00 to $190.00 and set an "overweight" rating for the company in a research report on Wednesday, March 19th. Wolfe Research started coverage on Ferguson in a report on Monday, March 17th. They issued a "peer perform" rating on the stock. Oppenheimer decreased their target price on Ferguson from $234.00 to $189.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $189.00 price target on shares of Ferguson in a report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Ferguson currently has an average rating of "Moderate Buy" and a consensus price target of $198.62.

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Ferguson Trading Down 2.0 %

FERG traded down $3.19 during trading on Tuesday, hitting $155.22. The company's stock had a trading volume of 4,323,025 shares, compared to its average volume of 1,530,107. Ferguson has a twelve month low of $149.28 and a twelve month high of $225.63. The stock has a market cap of $31.04 billion, a PE ratio of 18.63, a PEG ratio of 1.69 and a beta of 1.17. The firm's 50 day moving average price is $171.69 and its 200-day moving average price is $186.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.76 billion. During the same period in the prior year, the firm earned $1.74 EPS. Ferguson's revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect that Ferguson will post 9.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Townsquare Capital LLC boosted its stake in shares of Ferguson by 6.6% during the 3rd quarter. Townsquare Capital LLC now owns 3,409 shares of the company's stock valued at $677,000 after buying an additional 210 shares during the last quarter. Bridgewater Associates LP acquired a new position in Ferguson during the 3rd quarter worth $204,000. True Wealth Design LLC raised its stake in shares of Ferguson by 1,350.0% in the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company's stock valued at $29,000 after purchasing an additional 135 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ferguson during the third quarter worth about $483,000. Finally, Ascent Group LLC lifted its position in shares of Ferguson by 9.4% during the third quarter. Ascent Group LLC now owns 8,008 shares of the company's stock worth $1,590,000 after purchasing an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.

About Ferguson

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.