Ferguson’s (FERG) “Neutral” Rating Reaffirmed at UBS Group

Ferguson (NASDAQ:FERG)‘s stock had its “neutral” rating reaffirmed by investment analysts at UBS Group in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $193.00 price target on the stock, down from their previous price target of $230.00. UBS Group’s target price would indicate a potential upside of 12.16% from the company’s current price.

FERG has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $219.00 price target on shares of Ferguson in a report on Wednesday, December 11th. Barclays cut their price target on Ferguson from $245.00 to $234.00 and set an “overweight” rating on the stock in a research note on Thursday, December 12th. Robert W. Baird dropped 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. Citigroup reduced their target price on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Oppenheimer initiated coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $234.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $222.40.

Ferguson Stock Down 1.2 %

NASDAQ FERG opened at $172.08 on Wednesday. Ferguson has a fifty-two week low of $170.99 and a fifty-two week high of $225.63. The business has a fifty day moving average price of $196.21 and a two-hundred day moving average price of $199.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.80 and a quick ratio of 1.00. The stock has a market capitalization of $34.41 billion, a PE ratio of 20.66, a PEG ratio of 1.90 and a beta of 1.24.

Insider Buying and Selling

In other Ferguson news, SVP Garland Williams sold 1,118 shares of Ferguson stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.22, for a total transaction of $224,963.96. Following the transaction, the senior vice president now directly owns 1,882 shares of the company’s stock, valued at $378,696.04. The trade was a 37.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Jacobs sold 2,624 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $200.96, for a total transaction of $527,319.04. Following the completion of the sale, the vice president now owns 1,116 shares of the company’s stock, valued at approximately $224,271.36. The trade was a 70.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,313 shares of company stock worth $2,477,901. 0.16% of the stock is owned by corporate insiders.

Institutional Trading of Ferguson

Hedge funds have recently bought and sold shares of the business. Asset Dedication LLC purchased a new stake in shares of Ferguson during the 3rd quarter valued at $27,000. True Wealth Design LLC grew its position in Ferguson by 1,350.0% during 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. Capital Performance Advisors LLP purchased a new stake in Ferguson during the third quarter worth about $37,000. Peterson Financial Group Inc. bought a new stake in Ferguson in the third quarter worth about $39,000. Finally, Ashton Thomas Securities LLC purchased a new position in Ferguson in the third quarter valued at about $40,000. 81.98% of the stock is currently owned by institutional investors.

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.