The stock price of Ferguson Enterprises Inc. (NYSE: FERG) has dropped by -1.81 compared to previous close of 199.51. Despite this, the company has seen a fall of -1.80% in its stock price over the last five trading days. businesswire.com reported 2024-10-01 that NEWPORT NEWS, Va.–(BUSINESS WIRE)–On October 1, 2024, Ferguson Enterprises Inc. (“Ferguson”) (NYSE: FERG; LSE: FERG) announced that it has priced a public offering (the “Offering”) of $750 million in aggregate principal amount of 5.000% senior unsecured notes due 2034 (the “Notes”). The obligations of Ferguson under the Notes will be fully and unconditionally guaranteed (the “Guarantee”) by Ferguson UK Holdings Limited, an indirect subsidiary of Ferguson (the “Guarantor”). Ferguson expects th.
Is It Worth Investing in Ferguson Enterprises Inc. (NYSE: FERG) Right Now?
Ferguson Enterprises Inc. (NYSE: FERG) has a higher price-to-earnings ratio of 21.42x compared to its average ratio, The 36-month beta value for FERG is at 1.20. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for FERG is 200.10M, and currently, shorts hold a 1.01% of that float. The average trading volume for FERG on October 03, 2024 was 1.45M shares.
FERG’s Market Performance
FERG’s stock has seen a -1.80% decrease for the week, with a -3.19% drop in the past month and a 3.12% gain in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 2.54% for Ferguson Enterprises Inc. The simple moving average for the past 20 days is -0.65% for FERG’s stock, with a -3.57% simple moving average for the past 200 days.
Analysts’ Opinion of FERG
Wells Fargo, on the other hand, stated in their research note that they expect to see FERG reach a price target of $210, previously predicting the price at $175. The rating they have provided for FERG stocks is “Overweight” according to the report published on January 04th, 2024.
BofA Securities gave a rating of “Underperform” to FERG, setting the target price at $138 in the report published on October 31st of the previous year.
FERG Trading at -3.72% from the 50-Day Moving Average
After a stumble in the market that brought FERG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.18% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.69% lower at present.
During the last 5 trading sessions, FERG fell by -1.80%, which changed the moving average for the period of 200-days by +3.61% in comparison to the 20-day moving average, which settled at $197.19. In addition, Ferguson Enterprises Inc. saw 1.46% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FERG starting from Baker Kelly A, who purchase 247 shares at the price of $202.48 back on Jun 18 ’24. After this action, Baker Kelly A now owns 2,068 shares of Ferguson Enterprises Inc., valued at $50,013 using the latest closing price.
Thees William T. Jr, the of Ferguson Enterprises Inc., sale 5,725 shares at $164.71 during a trade that took place back on Oct 16 ’23, which means that Thees William T. Jr is holding 25,632 shares at $942,923 based on the most recent closing price.
Stock Fundamentals for FERG
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.3 for the gross margin
The net margin for Ferguson Enterprises Inc. stands at 0.06. The total capital return value is set at 0.23. Equity return is now at value 36.47, with 11.74 for asset returns.
Based on Ferguson Enterprises Inc. (FERG), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 14.88.
Currently, EBITDA for the company is 2.98 billion with net debt to EBITDA at 1.65. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 8.23for trailing twelve months and the total asset turnover is 1.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
In conclusion, Ferguson Enterprises Inc. (FERG) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
