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

Ferguson (NASDAQ:FERG) had its price objective decreased by Barclays from $234.00 to $211.00 in a report issued on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts have also commented on the company. Robert W. Baird decreased their price objective on Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Wells Fargo & Company dropped their price target on Ferguson from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Citigroup decreased their price objective on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Oppenheimer initiated coverage on shares of Ferguson in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $234.00 target price on the stock. Finally, UBS Group reaffirmed a “neutral” rating and issued a $193.00 price target (down previously from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.10.

Ferguson Trading Up 0.8 %

NASDAQ FERG opened at $176.66 on Thursday. The firm has a market cap of $35.32 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. Ferguson has a 52 week low of $167.27 and a 52 week high of $225.63. 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 50 day moving average price of $192.86 and a 200 day moving average price of $198.36.

Ferguson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be given a dividend of $0.83 per share. This is an increase from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, December 20th. Ferguson’s dividend payout ratio (DPR) is currently 39.86%.

Hedge Funds Weigh In On Ferguson

Several institutional investors and hedge funds have recently modified their holdings of the stock. Asset Dedication LLC purchased a new position in Ferguson during the third quarter valued at approximately $27,000. True Wealth Design LLC grew its stake in shares of Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after purchasing an additional 135 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Ferguson during the 3rd quarter valued at approximately $37,000. Peterson Financial Group Inc. acquired a new position in shares of Ferguson in the 3rd quarter valued at $39,000. Finally, Reston Wealth Management LLC purchased a new stake in Ferguson during the third quarter worth $40,000. 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.