2 weeks Ago By ABMN Staff
Ferguson ( NASDAQ:FERG – Free Report ) had its target price trimmed by Royal Bank of Canada from $211.00 to $189.00 in a research report sent to investors on Wednesday morning, Benzinga reports.
The brokerage currently has an outperform rating on the stock. FERG has been the topic of several other research reports. Barclays dropped their price objective on Ferguson from $211.
00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday. 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. Zelman & Associates cut Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th.
Wells Fargo & Company dropped their price objective on Ferguson from $215.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th.
Finally, Robert W. Baird set a $190.00 target price on Ferguson and gave the stock an “outperform” rating in a report on Wednesday.
Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.
64. Read Our Latest Stock Analysis on Ferguson Ferguson Trading Up 3.1 % Ferguson ( NASDAQ:FERG – Get Free Report ) last announced its quarterly earnings data on Tuesday, March 11th.
The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.
06). Ferguson had a return on equity of 34.63% and a net margin of 5.
68%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.
76 billion. During the same period last year, the company earned $1.74 EPS.
The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Ferguson will post 9.
4 EPS for the current year. Ferguson Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.
83 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $3.
32 annualized dividend and a dividend yield of 2.08%. Ferguson’s dividend payout ratio is presently 39.
86%. Institutional Trading of Ferguson Several hedge funds and other institutional investors have recently made changes to their positions in FERG. Manchester Capital Management LLC lifted its holdings in shares of Ferguson by 906.
7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares during the last quarter. True Wealth Design LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 135 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of Ferguson by 106.
3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock valued at $34,000 after purchasing an additional 102 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Ferguson during the 4th quarter valued at $35,000.
Finally, Peterson Financial Group Inc. purchased a new stake in shares of Ferguson during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 81.
98% of the company’s stock. Ferguson Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter .
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