A share price of Ferguson Plc. [FERG] is currently trading at $205.98, up 1.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The FERG shares have gain 2.22% over the last week, with a monthly amount glided 4.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ferguson Plc. [NYSE: FERG] stock has seen the most recent analyst activity on January 08, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Wells Fargo upgraded its rating to Overweight on January 04, 2024, and elevated its price target to $210. On October 31, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $138 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $175 on October 17, 2023. Raymond James initiated its recommendation with a Outperform and recommended $175 as its price target on September 01, 2023. William Blair started tracking with a Outperform rating for this stock on July 07, 2023, and assigned it a price target of $194.
Ferguson Plc. experienced fluctuations in its stock price throughout the past year between $123.17 and $217.32. Currently, Wall Street analysts expect the stock to reach $167 within the next 12 months. Ferguson Plc. [NYSE: FERG] shares were valued at $205.98 at the most recent close of the market. An investor can expect a potential drop of -18.92% based on the average FERG price forecast.
Analyzing the FERG fundamentals
Trailing Twelve Months sales for Ferguson Plc. [NYSE:FERG] were 29.36B which represents -2.23% decline. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.34 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 203.95 points at the first support level, and at 201.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.40, and for the 2nd resistance point, it is at 208.82.
Ferguson Plc. [FERG] reported earnings per share of $1.74 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.84/share, meaning a difference of -$0.1 and a surprise factor of -5.40%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.65 per share as compared to estimates of $2.64 per share, a difference of $0.01 representing a surprise of 0.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ferguson Plc. [NYSE:FERG] is 1.80. On the other hand, the Quick Ratio is 0.97, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 7.72 and price to earnings (TTM) ratio is 23.97.
Transactions by insiders
Recent insider trading involved Murphy Kevin Michael, Chief Executive Officer, that happened on Oct 17 ’23 when 641.0 shares were sold. Chief Legal Officer, Graham Ian T. completed a deal on Oct 17 ’23 to sell 387.0 shares. Meanwhile, Schlicher Jake sold 288.0 shares on Oct 17 ’23.
