Ferguson (FERGY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Ferguson (OTCMKTS:FERGY) from a buy rating to a hold rating in a report published on Tuesday.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

A number of other equities analysts have also recently commented on the stock. BNP Paribas reaffirmed an underperform rating on shares of Ferguson in a research note on Wednesday, January 23rd. Canaccord Genuity raised shares of Ferguson from a hold rating to a buy rating in a research note on Friday, November 23rd. Finally, ValuEngine cut shares of Ferguson from a hold rating to a sell rating in a research note on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $7.75.

FERGY stock opened at $6.83 on Tuesday. Ferguson has a 12 month low of $5.95 and a 12 month high of $8.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.02. The stock has a market cap of $15.68 billion, a P/E ratio of 15.52, a PEG ratio of 1.61 and a beta of 1.02.

About Ferguson

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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