Ferguson Plc. (NYSE:FERG) traded with a subtraction of -$2.13 to close at $165.87on Friday, a downside of -1.27 percent. An average of 1,644,495 shares of common stock have been traded in the last five days. There was a gain of $15.04 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 1,097,554 shares traded, while the 50-day average volume stands at 914,497.
FERG stock has increased by 2.01% in the last month. The company shares reached their 1-month lowest point of $149.39 on 09/21/23. With the stock rallying to its 52-week high on 09/28/23, shares of the company touched a low of $99.16 and a high of $170.26 in 52 weeks. It has reached a new high 26 times so far this year and achieved 30.64% or $38.63 in price. In spite of this, the price is down -2.58% from the 52-week high.
Valuation Metrics
Ferguson Plc. (FERG) has a trailing price-to-earnings (P/E) ratio of 18.20, which compares with the N/A for the broader industry. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.14, the price-to-book (PB) ratio at 6.72, and the price-to-cash flow ratio at 14.18.
Financial Health
The quick ratio of Ferguson Plc. for the three months ended July 30 was 0.95, and the current ratio was 1.67, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.96 and a total debt to equity ratio of 1.04 for the quarter ending July 30. Its gross profit as reported stood at $8.76 billion compared to revenue of $28.57 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ferguson Plc.’s return on assets was 11.93%.
Earnings Surprise
For the three-month period that ended July 30, Ferguson Plc. had $3.84 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $336.0 million in the quarter, while revenues were shrunk -348.81%. The analyst consensus anticipated Ferguson Plc.’s latest quarter earnings to come in at $2.46 per share, but it turned out to be $2.77, a 12.60% surprise. For the quarter, EBITDA amounted to $630.0 million.
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 September was 69.39%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.63%.
As of today, FERG’s price is $161.27 +9.99% or $15.04 from its 5-day moving average. FERG is currently trading +2.50% higher than its 20-day SMA and +17.60% higher than its 100-day SMA. However, the stock’s current price level is +5.30% above the SMA50 and +28.67% above the SMA200.
The stochastic %K and %D were 87.36% and 83.23%, respectively, and the average true range (ATR) was 3.64. With the 14-day stochastic at 77.65% and the average true range at 3.33, the RSI (14) stands at 64.50%. The stock has reached 8.64 on the 9-day MACD Oscillator while the 14-day reading was at 9.65.
Analyst Ratings
Raymond James launched coverage on Ferguson Plc. (NYSE: FERG) in its analyst report released on September 01, 2023. The firm assigned the stock an Outperform rating. The consensus rating for Ferguson Plc. (FERG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FERG, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 10 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 $141.50 and $193.00, with a median target of $177.00. Taking a look at these predictions, the average price target given by analysts for Ferguson Plc. (FERG) stock is $172.49.
