Ferguson (OTCMKTS:FERGY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Ferguson (OTCMKTS:FERGY) from a buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

A number of other brokerages have also issued reports on FERGY. Bank of America lowered Ferguson from a neutral rating to an underperform rating in a research note on Tuesday, August 27th. Royal Bank of Canada lowered Ferguson from a sector perform rating to an underperform rating in a research report on Thursday, September 19th. SunTrust Banks began coverage on Ferguson in a research report on Tuesday, July 16th. They set a buy rating for the company. ValuEngine lowered Ferguson from a hold rating to a sell rating in a research report on Friday, October 4th. Finally, Citigroup lowered Ferguson from a buy rating to a neutral rating in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $9.25.

Shares of FERGY stock opened at $8.86 on Tuesday. Ferguson has a 52-week low of $5.95 and a 52-week high of $8.87. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.72. The firm has a market capitalization of $19.94 billion, a P/E ratio of 17.03, a P/E/G ratio of 4.93 and a beta of 1.11. The stock has a 50 day moving average price of $8.12 and a 200 day moving average price of $7.39.

The company also recently announced an annual dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, October 25th will be given a dividend of $0.125 per share. This represents a yield of 1.56%. The ex-dividend date of this dividend is Thursday, October 24th. Ferguson’s dividend payout ratio (DPR) is presently 25.00%.

Ferguson Company Profile

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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