Raymond James raised the price target for the Ferguson Plc. (NYSE:FERG) stock from “an Outperform” to “a Mkt perform”. The rating was released on January 08, 2024, according to finviz. We previously noted in another research note published on January 04, 2024 by Wells Fargo that upgraded the stock from an Equal weight to an Overweight with a price target of $210 for FERG stock. The research report from BofA Securities has downgraded the stock from Neutral to Underperform, with a price target set at $138. The stock was initiated by Wells Fargo, who disclosed in a research note on October 17, 2023, to Equal Weight and set the price objective to $175. In their research brief published September 01, 2023, Raymond James analysts initiated the Ferguson Plc. stock to Outperform with a price target of $175.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -3.43% within the last five trades and -9.50% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 13.74% in the last 6 months and -0.04% was subtracted to its value over the previous 3 months. FERG stock is trading at a margin of -5.28%, -6.90% and 6.24% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, FERG deals in the Industrials domain. The stock is trading -11.64 percent below its 52-week high and 37.90 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 31.09. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Ferguson Plc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 8.94 percent and the profit margin is 6.33 percent, and the company has reported a gross margin of 29.36 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $40.12 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Ferguson Plc. (NYSE:FERG) is 21.73. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 18.65. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.36 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 7.27, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.95 percent of Ferguson Plc. shares are owned by insiders, and 85.14 percent are held by financial institutions. Murphy Kevin Michael, the Chief Executive Officer at Ferguson Plc. (FERG) has sold 641 shares of firm on Oct 17 ’23 at a price of $164.94 against the total amount of $0.11 million. In another inside trade, Graham Ian T., Chief Legal Officer of Ferguson Plc. (NYSE:FERG) sold 387 shares of the firm on Oct 17 ’23 for a total worth of $63858.0 at a price of $164.95. An inside trade which took place on Oct 17 ’23, of Ferguson Plc. Schlicher Jake sold 288 shares of firm against total price of $47580.0 at the cost of $164.93 per share.
