Ferguson (OTCMKTS:FERGY) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

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. “

Several other research analysts have also issued reports on FERGY. JPMorgan Chase & Co. raised their price target on Edwards Lifesciences from $175.00 to $190.00 and gave the stock a neutral rating in a research report on Wednesday, March 27th. They noted that the move was a valuation call. Stifel Nicolaus lowered Essentra to a hold rating in a research report on Tuesday, May 7th. Canaccord Genuity set a $394.00 price target on Tesla and gave the stock a buy rating in a research report on Wednesday, July 3rd. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Finally, Credit Suisse Group lowered Advanced Disposal Services from an outperform rating to a neutral rating and raised their price target for the stock from $29.00 to $33.00 in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $7.75.

OTCMKTS:FERGY opened at $7.26 on Wednesday. Ferguson has a 12-month low of $5.95 and a 12-month high of $8.67. The company has a market cap of $16.83 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 1.25 and a beta of 1.09. The business has a fifty day moving average of $6.88.

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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