Ferguson Enterprises Inc. [NYSE: FERG] surged by $3.78 during the normal trading session on while it closed the day at $189.65.
Ferguson Enterprises Inc. stock has also loss -6.28% of its value over the past 7 days. However, FERG stock has declined by -5.21% in the 3 months of the year. Over the past six months meanwhile, it has lost -4.64% and lost -1.77% year-on date.
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The market cap for FERG stock reached $38.30 billion, with 204.00 million shares outstanding and 200.10 million shares in the current float. Compared to the average trading volume of 1.15M shares, FERG reached a trading volume of 3751536 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ferguson Enterprises Inc. [FERG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FERG shares is $226.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FERG stock is a recommendation set at 1.74. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Ferguson Enterprises Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 08, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $175 to $210. The new note on the price target was released on January 04, 2024, representing the official price target for Ferguson Enterprises Inc. stock. Previously, the target price had yet another drop from $160 to $138, while BofA Securities kept a Underperform rating on FERG stock.
The Average True Range (ATR) for Ferguson Enterprises Inc. is set at 5.69, with the Price to Sales ratio for FERG stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 6.94, with the Price to Cash per share for the same quarter was set at 3.74. Price to Free Cash Flow for FERG in the course of the last twelve months was 17.74 with Quick ratio for the last quarter at 0.94.
FERG stock trade performance evaluation
Ferguson Enterprises Inc. [FERG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.28. With this latest performance, FERG shares dropped by -4.44% in over the last four-week period, additionally sinking by -4.64% over the last 6 months – not to mention a rise of 23.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FERG stock in for the last two-week period is set at 37.42, with the RSI for the last a single of trading hit 33.17, and the three-weeks RSI is set at 40.45 for Ferguson Enterprises Inc. [FERG]. The present Moving Average for the last 50 days of trading for this stock 203.51, while it was recorded at 190.89 for the last single week of trading, and 201.25 for the last 200 days.
Ferguson Enterprises Inc. [FERG]: An insightful look at the core fundamentals
Ferguson Enterprises Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 1.68.
Earnings per share (EPS) analysis for Ferguson Enterprises Inc. [FERG] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FERG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ferguson Enterprises Inc. go to 7.00%.
Ferguson Enterprises Inc. [FERG]: Institutional Ownership
There are presently around $87.36%, or 88.11%% of FERG stock, in the hands of institutional investors. The top three institutional holders of FERG stocks are: VANGUARD GROUP INC with ownership of 25.45 million shares, which is approximately 12.5599%. BLACKROCK INC., holding 12.09 million shares of the stock with an approximate value of $$2.34 billion in FERG stocks shares; and BLACKROCK INC., currently with $$1.58 billion in FERG stock with ownership which is approximately 4.0371%.
