Ferguson Plc (OTCMKTS:FERGY) – Analysts at Jefferies Financial Group dropped their FY2021 EPS estimates for Ferguson in a report released on Thursday, June 13th. Jefferies Financial Group analyst P. Mulji now forecasts that the company will post earnings of $0.55 per share for the year, down from their previous estimate of $0.60.
Several other brokerages have also recently issued reports on FERGY. Berenberg Bank cut Ferguson from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group cut Ferguson from a “neutral” rating to an “underperform” rating in a research note on Friday, May 17th. Zacks Investment Research cut Ferguson from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Stifel Nicolaus reiterated a “hold” rating on shares of Ferguson in a research note on Tuesday, May 7th. Finally, ValuEngine upgraded Ferguson from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $7.75.
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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