Ferguson (NASDAQ:FERG) Price Target Cut to $225.00 by Analysts at Robert W. Baird

Ferguson (NASDAQ:FERG) had its price objective dropped by stock analysts at Robert W. Baird from $230.00 to $225.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 15.42% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company upped their price objective on shares of Ferguson from $225.00 to $232.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group increased their price target on Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Oppenheimer began coverage on Ferguson in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 price objective on the stock. Barclays raised their target price on Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Finally, Citigroup boosted their price target on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $232.75.

Ferguson Stock Down 10.5 %

Shares of FERG opened at $194.94 on Wednesday. The stock’s 50-day moving average price is $203.96 and its two-hundred day moving average price is $202.61. Ferguson has a 12 month low of $180.98 and a 12 month high of $225.63. The company has a market capitalization of $39.13 billion, a PE ratio of 22.85, a PEG ratio of 2.11 and a beta of 1.21. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.12. The company had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.01 billion. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.77 earnings per share. On average, analysts anticipate that Ferguson will post 9.77 EPS for the current year.

Insider Buying and Selling

In other Ferguson news, SVP Garland Williams sold 1,118 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.22, for a total value of $224,963.96. Following the completion of the sale, the senior vice president now owns 1,882 shares in the company, valued at approximately $378,696.04. This trade represents a 37.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ian T. Graham sold 5,778 shares of Ferguson stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.27, for a total value of $1,162,938.06. Following the sale, the insider now owns 5,938 shares in the company, valued at $1,195,141.26. This trade represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,313 shares of company stock worth $2,477,901 in the last quarter. Insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Ferguson

Several institutional investors and hedge funds have recently bought and sold shares of the company. Asset Dedication LLC bought a new stake in Ferguson during the 3rd quarter valued at $27,000. True Wealth Design LLC lifted its position in Ferguson by 1,350.0% during the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock valued at $29,000 after purchasing an additional 135 shares during the last quarter. EdgeRock Capital LLC purchased a new position in Ferguson in the second quarter worth $32,000. Capital Performance Advisors LLP bought a new position in shares of Ferguson during the 3rd quarter valued at about $37,000. Finally, Peterson Financial Group Inc. bought a new position in Ferguson during the third quarter valued at approximately $39,000. 81.98% of the stock is owned by institutional investors.

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.