The stock of Ferguson plc (NYSE:FERG) increased by $0.87 on Wednesday to $154.82, up 0.57 percent. The last five days have seen an average of 981,313 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $27.98. The average number of shares traded over the last 20 days was 805,658, while the average volume over the last 50 days totaled 845,683.
FERG stock appreciated 0.18% since last month. On 09/19/23, the company’s shares reached a one-month low of $152.74. The stock touched a high of $164.00 on 08/31/23, after rallying from a low of $99.16 in 52 weeks. The price of FERG stock has risen by 21.94% or $27.98 this year, reaching a new high 24 times. Still, the stock price is down -5.59% from the 52-week high.
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Valuation Metrics
Ferguson plc (FERG) has a trailing price-to-earnings (P/E) ratio of 17.23. Beta for the stock is 1.21. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.07, the price-to-book (PB) ratio of 6.74, and the price-to-cash flow ratio of 17.61.
Financial Health
For the three months ended April 29, Ferguson plc’s quick ratio was 0.90, while its current ratio was 1.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.81, and the total debt to equity ratio is 0.82. As far as profitability goes, gross margin for the trailing twelve months is 30.30% percent. Ferguson plc’s EBITDA margin for the year ended April 29 was 10.99%, whereas its operating margin stood at 9.00% for the same period. Based on annual data, it had gross profit of $8.76 billion and revenue of $28.57 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FERG’s return on assets (ROA) during the last 12 months has been 12.20%. There was a 25.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 39.20%.
Earnings Surprise
According to Ferguson plc’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.14 billion, while revenues fell by -219.22% to $6.83 billion. It was predicted that Ferguson plc’s quarterly earnings would be $2.2, but it ended up being $2.17, beating the consensus by 1.40%. EBITDA was $630.0 million for the quarter. At the end of Ferguson plc’s most recent quarter ended April 29, its liabilities totaled 10.49 billion, while its total debt was $5.23 billion.
Technical Picture
Here’s a quick look at Ferguson plc’s (FERG) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 46.62%, suggesting the stock is Neutral, with a 20.90% historical volatility rate.
The stochastic %K and %D were 11.98% and 9.39% respectively, while the average true range (ATR) was 2.30. Based on the 14-day stochastic reading of 19.58%, the RSI (14) reading is 46.33%. On the 9-day MACD Oscillator, the stock is at -0.21, and the 14-day reading is at -1.55.
Analyst Ratings
In its analyst report released on September 01, 2023, Raymond James began covering Ferguson plc (NYSE: FERG). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Ferguson plc (FERG) an Overweight rating. FERG is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 3 rates it overweight and 11 others recommend it as a buy.
What is FERG’s price target for the next 12 months?
The current consensus forecast for the stock is between $106.00 and $188.00, with a median target price of $163.44. In analyzing these forecasts, the average price target given by analysts for Ferguson plc (FERG) is $163.80.
