Wells Fargo & Company Lowers Ferguson (NASDAQ:FERG) Price Target to $205.00

Ferguson (NASDAQ:FERG) had its price objective decreased by equities researchers at Wells Fargo & Company from $215.00 to $205.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.83% from the stock’s previous close.

Several other research firms have also weighed in on FERG. Robert W. Baird decreased their target price on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Morgan Stanley began coverage on Ferguson in a report on Monday. They issued an “overweight” rating and a $204.00 price objective on the stock. Berenberg Bank raised their target price on Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $219.00 price target on shares of Ferguson in a research note on Wednesday, December 11th. Finally, Oppenheimer initiated coverage on Ferguson in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $234.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $217.73.

Ferguson Stock Up 2.0 %

Shares of NASDAQ:FERG opened at $183.31 on Tuesday. 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 business has a fifty day moving average of $185.14 and a two-hundred day moving average of $196.59. The stock has a market cap of $36.65 billion, a P/E ratio of 22.01, a PEG ratio of 1.71 and a beta of 1.24.

Institutional Trading of Ferguson

Several hedge funds have recently added to or reduced their stakes in the company. Clifford Swan Investment Counsel LLC grew its holdings in Ferguson by 111.1% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 33,568 shares of the company’s stock worth $5,827,000 after acquiring an additional 17,669 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Ferguson by 18.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,825 shares of the company’s stock worth $317,000 after purchasing an additional 286 shares in the last quarter. Cantillon Capital Management LLC raised its stake in Ferguson by 24.5% in the fourth quarter. Cantillon Capital Management LLC now owns 2,111,673 shares of the company’s stock valued at $366,523,000 after buying an additional 415,002 shares in the last quarter. US Bancorp DE lifted its holdings in Ferguson by 2.0% during the 4th quarter. US Bancorp DE now owns 7,335 shares of the company’s stock worth $1,273,000 after buying an additional 145 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Ferguson by 92.5% during the 4th quarter. Private Trust Co. NA now owns 258 shares of the company’s stock worth $45,000 after acquiring an additional 124 shares in the last quarter. 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.