Barclays Issues Pessimistic Forecast for Ferguson (NASDAQ:FERG) Stock Price

Ferguson (NASDAQ:FERG) had its target price lowered by investment analysts at Barclays from $234.00 to $211.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 18.82% from the company’s previous close.

FERG has been the topic of a number of other research reports. UBS Group restated a “neutral” rating and set a $193.00 price target (down previously from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and set a $219.00 target price on shares of Ferguson in a research report on Wednesday, December 11th. Robert W. Baird cut their price target on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Berenberg Bank lifted their price objective 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. Finally, Oppenheimer assumed coverage on Ferguson in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Ferguson has a consensus rating of “Moderate Buy” and an average target price of $220.10.

Ferguson Stock Up 1.4 %

Shares of Ferguson stock traded up $2.39 during trading on Thursday, reaching $177.58. The company’s stock had a trading volume of 445,987 shares, compared to its average volume of 1,381,844. Ferguson has a 1-year low of $167.27 and a 1-year high of $225.63. The company has a 50-day simple moving average of $192.86 and a two-hundred day simple moving average of $198.36. 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 $35.51 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.60 and a beta of 1.24.

Institutional Investors Weigh In On Ferguson

A number of hedge funds and other institutional investors have recently made changes to their positions in FERG. UMB Bank n.a. purchased a new stake in Ferguson during the fourth quarter worth $59,000. Financial Management Professionals Inc. boosted its stake in shares of Ferguson by 12.5% during the 4th quarter. Financial Management Professionals Inc. now owns 1,955 shares of the company’s stock worth $339,000 after acquiring an additional 217 shares in the last quarter. Canoe Financial LP grew its position in shares of Ferguson by 487.3% during the 4th quarter. Canoe Financial LP now owns 1,204 shares of the company’s stock valued at $209,000 after acquiring an additional 999 shares during the period. Merit Financial Group LLC purchased a new position in shares of Ferguson in the 4th quarter valued at about $283,000. Finally, Steph & Co. acquired a new position in Ferguson in the 4th quarter worth about $219,000. 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.