Ferguson (NYSE:FERG) Rating Increased to Strong-Buy at The Goldman Sachs Group

Ferguson (NYSE:FERG) was upgraded by equities research analysts at The Goldman Sachs Group to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

FERG has been the subject of a number of other reports. Berenberg Bank cut shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 5th. Wall Street Zen raised shares of Ferguson from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th.

Ferguson Stock Up 1.3%

Shares of FERG opened at $214.57 on Wednesday. The stock has a market cap of $42.31 billion, a PE ratio of 22.68, a P/E/G ratio of 2.51 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 1.64. Ferguson has a 1-year low of $146.00 and a 1-year high of $225.63.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.49. Ferguson had a net margin of 5.32% and a return on equity of 34.02%. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.41 billion.

About Ferguson

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.