Ferguson plc (NASDAQ:FERG) Receives $217.73 Consensus Target Price from Analysts

Shares of Ferguson plc (NASDAQ:FERG) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $217.73.

A number of research analysts recently commented on the company. Barclays cut their target price on Ferguson from $234.00 to $211.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Robert W. Baird reduced their price objective 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. Berenberg Bank lifted their target price on shares of Ferguson from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada restated an “outperform” rating and set a $219.00 price target on shares of Ferguson in a research note on Wednesday, December 11th. Finally, Bank of America upgraded Ferguson from an “underperform” rating to a “buy” rating and upped their price objective for the company from $185.00 to $225.00 in a research note on Wednesday, January 8th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FERG. Manchester Capital Management LLC raised its position in shares of Ferguson by 906.7% during the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock worth $26,000 after acquiring an additional 136 shares during the last quarter. Asset Dedication LLC bought a new stake in Ferguson during the 3rd quarter worth about $27,000. True Wealth Design LLC lifted its holdings in Ferguson by 1,350.0% in the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock valued at $29,000 after buying an additional 135 shares during the period. LGT Financial Advisors LLC grew its holdings in Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock worth $34,000 after acquiring an additional 102 shares during the period. Finally, Berbice Capital Management LLC bought a new position in shares of Ferguson in the 4th quarter worth $35,000. Institutional investors own 81.98% of the company’s stock.

Ferguson Stock Up 0.4 %

FERG stock opened at $184.29 on Friday. Ferguson has a twelve month low of $167.27 and a twelve month high of $225.63. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The company has a market cap of $36.85 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The business’s 50-day simple moving average is $180.18 and its 200 day simple moving average is $194.99.

Ferguson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Friday, December 20th were given a dividend of $0.83 per share. This is an increase from Ferguson’s previous quarterly dividend of $0.79. The ex-dividend date was Friday, December 20th. This represents a $3.32 annualized dividend and a yield of 1.80%. Ferguson’s dividend payout ratio is 39.86%.

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.