Shares of Ferguson plc (NASDAQ:FERG – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $221.50.
Several analysts have recently issued reports on the company. Barclays reduced their price objective on Ferguson from $236.00 to $232.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 5th. Royal Bank of Canada reduced their price target on Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th.
Check Out Our Latest Report on FERG
Institutional Trading of Ferguson
Ferguson Stock Down 1.9 %
Shares of NASDAQ:FERG opened at $190.04 on Friday. The firm has a market capitalization of $38.38 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 8.08 and a beta of 1.22. Ferguson has a 1 year low of $147.62 and a 1 year high of $224.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.94. The firm’s 50-day moving average is $206.95 and its two-hundred day moving average is $203.28.
Ferguson (NASDAQ:FERG – Get Free Report) last announced its earnings results on Tuesday, June 4th. The company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.32 billion. Ferguson had a net margin of 6.33% and a return on equity of 36.89%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 EPS. Analysts predict that Ferguson will post 9.66 EPS for the current year.
Ferguson Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 14th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, June 14th. Ferguson’s dividend payout ratio is presently 34.54%.
About Ferguson
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.
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