What Technical Indicators Show About Ferguson plc (FERG)?

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Ferguson plc (NYSE:FERG) finished Wednesday with a subtraction of -$1.8 to close at $124.71, a downside of -1.42 percent. An average of 1,408,900 shares of common stock have been traded in the last five days. There was a fall of -$0.26 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 6,029,890 shares traded, while the 50-day average volume stands at 3,124,348.

FERG stock has increased by 6.63% in the last month. The company shares reached their 1-month lowest point of $111.85 on 11/30/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $99.16 and a high of $183.67 in 52 weeks. It has reached a new high 1 time so far this year and lost -30.48% or -$54.68 in price. In spite of this, the price is down -32.10% from the 52-week high.

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Valuation Metrics

Ferguson plc (FERG) has a trailing price-to-earnings (P/E) ratio of 12.43. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.87, the price-to-book (PB) ratio at 5.08, and the price-to-cash flow ratio at 22.47.

Financial Health

The quick ratio of Ferguson plc for the recent quarter was 1.00, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.73 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $8.76 billion compared to revenue of $28.57 billion.

Earnings Surprise

For the recent quarter, Ferguson plc had $3.76 billion in total debt. The company posted a net income of $595.0 million in the quarter, while revenues of $2.12 billion were grew 100.0%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ferguson plc (FERG) price momentum. RSI 9-day as of the close on 28 December was 50.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.86%.

As of today, FERG’s price is $125.40 -0.21% or -$0.26 from its 5-day moving average. FERG is currently trading +8.80% higher than its 20-day SMA and -0.09% lower than its 100-day SMA. However, the stock’s current price level is +15.91% above the SMA50 and -19.34% below the SMA200.

The stochastic %K and %D were 41.50% and 47.83%, respectively, and the average true range (ATR) was 3.06. With the 14-day stochastic at 24.20% and the average true range at 3.26, the RSI (14) stands at 54.11%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -1.25.

Analyst Ratings

The consensus rating for Ferguson plc (FERG) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FERG, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

What is FERG’s price target for the next 12 months?

Analysts predict a range of price targets between $106.00 and $191.00, with a median target of $141.59. Taking a look at these predictions, the average price target given by analysts for Ferguson plc (FERG) stock is $142.85.

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