Ferguson (NASDAQ:FERG) Price Target Cut to $211.00 by Analysts at Barclays

Ferguson (NASDAQ:FERG) had its price target cut by Barclays from $234.00 to $211.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 18.87% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company lowered their price target on shares of Ferguson from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Citigroup reduced their price target on Ferguson from $221.00 to $189.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Robert W. Baird reduced their target price on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Berenberg Bank raised their price target on shares of Ferguson from $224.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, UBS Group reissued a “neutral” rating and issued a $193.00 price objective (down previously from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Ferguson presently has a consensus rating of “Moderate Buy” and an average target price of $220.10.

Ferguson Trading Up 0.6 %

Shares of Ferguson stock opened at $177.50 on Thursday. The firm has a market capitalization of $35.49 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $192.18 and its 200 day moving average is $198.21. Ferguson has a 1 year low of $167.27 and a 1 year high of $225.63.

Institutional Trading of Ferguson

A number of large investors have recently bought and sold shares of FERG. Frank Rimerman Advisors LLC boosted its position in shares of Ferguson by 1.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 3,307 shares of the company’s stock valued at $657,000 after purchasing an additional 57 shares in the last quarter. Transatlantique Private Wealth LLC grew its position in shares of Ferguson by 3.0% during the 2nd quarter. Transatlantique Private Wealth LLC now owns 2,035 shares of the company’s stock worth $394,000 after buying an additional 60 shares during the period. Mayflower Financial Advisors LLC increased its stake in shares of Ferguson by 3.2% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 1,952 shares of the company’s stock valued at $388,000 after acquiring an additional 61 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ferguson by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,834 shares of the company’s stock valued at $4,137,000 after acquiring an additional 86 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Ferguson by 33.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 364 shares of the company’s stock valued at $72,000 after acquiring an additional 92 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.

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.