Ferguson (NASDAQ:FERG) Given New $168.00 Price Target at Citigroup

Ferguson (NASDAQ:FERG) had its target price reduced by research analysts at Citigroup from $189.00 to $168.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 7.73% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Robert W. Baird set a $190.00 price target on shares of Ferguson and gave the stock an “outperform” rating in a research report on Wednesday. Berenberg Bank boosted their price target on shares of Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lowered their target price on Ferguson from $205.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday. Zelman & Associates lowered shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Morgan Stanley began coverage on Ferguson in a report on Monday, February 3rd. They issued an “overweight” rating and a $204.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $201.64.

Ferguson Trading Down 0.7 %

Shares of Ferguson stock traded down $1.04 on Wednesday, reaching $155.94. The company had a trading volume of 1,072,870 shares, compared to its average volume of 1,832,965. The firm has a market cap of $31.18 billion, a PE ratio of 18.72, a PEG ratio of 1.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. Ferguson has a 52-week low of $154.09 and a 52-week high of $225.63. The firm’s 50 day moving average price is $176.90 and its two-hundred day moving average price is $191.11.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 earnings per share 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 firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period in the previous year, the firm posted $1.74 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts predict that Ferguson will post 9.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ferguson

Several large investors have recently made changes to their positions in the business. Manchester Capital Management LLC boosted its position in shares of Ferguson by 906.7% in the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock worth $26,000 after buying an additional 136 shares during the period. True Wealth Design LLC lifted its position in shares of Ferguson by 1,350.0% during the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after purchasing an additional 135 shares during the last quarter. LGT Financial Advisors LLC boosted its holdings in Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock worth $34,000 after purchasing an additional 102 shares during the period. Berbice Capital Management LLC acquired a new position in Ferguson during the 4th quarter valued at approximately $35,000. Finally, Peterson Financial Group Inc. acquired a new stake in Ferguson in the third quarter worth $39,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

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.