There Is Clear Momentum For Ferguson Enterprises Inc. (NYSE: FERG)

Ferguson Enterprises Inc. (FERG) concluded trading on Thursday at a closing price of $201.94, with 3.46 million shares of worth about $699.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.77% during that period and on September 26, 2024 the price saw a gain of about 1.23%. Currently the company’s common shares owned by public are about 204.00M shares, out of which, 200.10M shares are available for trading.

Stock saw a price change of -3.00% in past 5 days and over the past one month there was a price change of -3.38%. Year-to-date (YTD), FERG shares are showing a performance of 4.59% which increased to 27.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $147.62 but also hit the highest price of $225.62 during that period. The average intraday trading volume for Ferguson Enterprises Inc. shares is 1.41 million. The stock is currently trading 2.04% above its 20-day simple moving average (SMA20), while that difference is down -1.10% for SMA50 and it goes to -0.42% lower than SMA200.

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Ferguson Enterprises Inc. (NYSE: FERG) currently have 204.00M outstanding shares and institutions hold larger chunk of about 84.25% of that.

The stock has a current market capitalization of $40.78B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 22.09, while it has posted earnings per share of $9.14 in the same period. Its PEG reads 3.16 and has Quick Ratio of 0.94 while making debt-to-equity ratio of 0.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FERG, volatility over the week remained 2.65% while standing at 2.62% over the month.

Stock’s fiscal year EPS is expected to rise by 1.76% while it is estimated to increase by 13.66% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 22.02% made by the stock over the past 5-years.

Coverage by Wells Fargo stated Ferguson Enterprises Inc. (FERG) stock as an Overweight in their note to investors on January 04, 2024, suggesting a price target of $210 for the stock. On October 31, 2023, BofA Securities Downgrade their recommendations, while on October 17, 2023, Wells Fargo Initiated their ratings for the stock with a price target of $175. Stock get an Outperform rating from Raymond James on September 01, 2023.

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