That’s why I Feel Comfortable With Ferguson Enterprises Inc.’s (FERG) Future

Ferguson Enterprises Inc. [FERG] stock prices are up 0.52% to $204.11 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FERG shares have gain 4.93% over the last week, with a monthly amount drifted -5.56%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Ferguson Enterprises Inc. [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.

The stock price of Ferguson Enterprises Inc. [FERG] has been fluctuating between $147.62 and $225.62 over the past year. Currently, Wall Street analysts expect the stock to reach $206 within the next 12 months. Ferguson Enterprises Inc. [NYSE: FERG] shares were valued at $204.11 at the most recent close of the market. An investor can expect a potential return of 0.93% based on the average FERG price forecast.

Analyzing the FERG fundamentals

The Ferguson Enterprises Inc. [NYSE:FERG] reported sales of 29.53B for trailing twelve months, representing a surge of 2.35%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.09%, 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 0.35 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.73.

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 202.14 points at the first support level, and at 200.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 205.64, and for the 2nd resistance point, it is at 207.17.

Ratios To Look Out For

It’s worth pointing out that Ferguson Enterprises Inc. [NYSE:FERG]’s Current Ratio is 1.68. On the other hand, the Quick Ratio is 0.94, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 7.47 and price to earnings (TTM) ratio is 22.32.

Transactions by insiders

Recent insider trading involved Baker Kelly A, Director, that happened on Jun 18 ’24 when 247.0 shares were purchased., Thees William T. Jr completed a deal on Oct 16 ’23 to sell 5725.0 shares. Meanwhile, Thees William T. Jr sold 204.0 shares on Oct 17 ’23.

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